Blue Chip Bryers facing new charges

Mark Bryers, appearing in the Auckland District Court earlier this year. Photo / Herald on Sunday.

Blue Chip co-founder Mark Bryers is facing four new charges in relation to Northern Crest Investments Limited.

The Ministry of Economic Development has laid four new charges against Bryers, bringing the total to 73.

The new charges are: Financial statements not completed and signed, Group financial statements not completed and signed, Financial statements not audited and Financial statements not delivered to Registrar for registration.

Last Friday Bryers pleaded guilty to three charges in relation to the collapse of his multi-million dollar empire.

An estimated 2000 investors lost around $80 million after 22 Blue Chip-related companies failed.

Bryers pleaded guilty in the Auckland District Court to charges of failing to keep adequate records and failure to attend a watershed meeting for the Swordfish Lodge resort on the Whangaparaoa Peninsula, north of Auckland.

He also pleaded guilty to a charge of failing to attend a meeting for creditors for the Bribanc property group.

In exchange for Bryers' guilty pleas the Ministry of Economic Development dropped four charges against him.

As well as the new charges laid today, Bryers faces a further 69 criminal charges to do with Blue Chip-related companies lay by the Ministry.

Bryers entered pleas of not guilty to those charges and a status hearing has been set down for October 23.

He has been remanded on bail to his home in Sydney.

- NZ HERALD STAFF