After weeks of evidence, a High Court judge could not find former CBL Corporation executives Peter Harris and Carden Mulholland guilty of fraud and other charges, BusinessDesk reports.
In fact, many of the eight charges against the pair fell over at early hurdles, with findings that the Reserve Bank had not issued directions properly.
Justice Michael Robinson’s written judgment released this week 20 gave his reasons for finding the duo not guilty of all Crimes Act charges against them.
![Former CBL Corporation chief executive Peter Harris. Photo / Brett Phibbs](https://www.nzherald.co.nz/resizer/v2/KNWDPOAQMRCGPHW7BZ7EUH3QDI.jpg?auth=fd6805977b90284949632a95f1b31332a49552556afcee2aa923d245c89ca5d4&width=16&height=12&quality=70&smart=true)
His 172-page judgment traverses the hurdles that went unmet by Serious Fraud Office (SFO) lawyer Brian Dickey’s case.