Bridgecorp director Rob Roest has admitted he knew about "delayed" payments to investors months before the failed finance company collapsed - and says his co-accused Rod Petricevic was also aware of the issue.
Petricevic and Roest - with fellow director Peter Steigrad - are accused of misleading investors in Bridgecorp's offer documents and are on trial in the High Court at Auckland.
As well as charges under the Securities Act, Petricevic and Roest face eight counts of knowingly making false statements in offer documents that Bridgecorp had never missed interest payments or repayments of principal to investors.
According to Crown evidence tabled earlier in the case, Bridgecorp began missing payments from February 7, 2007, when it failed to pay $206,000 due to investors.
Under a searching cross-examination yesterday by Financial Markets Authority lawyer Brian Dickey, Roest said knew about the issue the day after (on February 8) but denied the payment was missed.