One of the two men on trial accused of scamming two Tauranga women of $645,000 denies receiving "kickbacks" for his part in an alleged investment scam.
Murray Bryon Provan, 73, made the denial while giving evidence during his jury trial in the Tauranga District Court yesterday. Provan has pleaded not guilty to two charges of obtaining by deception and his co-accused, Robert Ian South, is defending two charges of theft in a special relationship.
The Crown alleges the pair led Gay Rowling and Barbara Gilmer to believe they were investing their funds in shares in a software company of which South was a director.
Instead of a promised huge return on their investment, the two defendants spent the money on themselves, the Crown prosecutor said.
This included Provan buying bonus bonds and paying his mortgage, while South used some of the funds to repay a loan for a knee operation, pay rent and buy a spa pool.