A now-disbarred lawyer accused of helping a property developer borrow millions of dollars from a finance company in "forbidden related-party loans" cannot argue he was acting on instructions or was an innocent agent, says the Crown in its closing submissions to the High Court.
Former Central Hawkes Bay mayor and Waipukurau lawyer, Hugh Edward Staples Hamilton, is on trial in the High Court at Auckland for allegedly helping former property developer Raymond Schofield arrange the purchase of Belgrave Finance so that Schofield's identity and control of the company was hidden.
The purpose of this was to allegedly allow Schofield, who bought Belgrave in 2005 for $3 million, to borrow from the firm either directly or through other companies he controlled.
A former partner of DAC Legal who advised Belgrave until its 2008 receivership, Hamilton has pleaded not guilty to 17 charges of theft by a person in a special relationship as well as charges of false statement by a promoter, and Companies Act charges of making a false statement to a trustee.