Wait for Bridgecorp legal aid decision continues

Rod Petricevic outside Auckland District Court last year. Photo / Sarah Ivey

Former Bridgecorp directors Rod Petricevic and Robert Roest are still waiting to hear if they will receive legal aid as they fight Serious Fraud Office charges.

Petricevic and Roest both appeared in Auckland District Court today for a callover on fraud charges relating to the alleged acquisition of a $1.8 million luxury boat using Bridgecorp money.

Petricevic is also charged with making dishonest payments of $1.2m to a business entity called ABb.

Both men appealed a Legal Services decision to deny them legal aid, but the information had not got to the agency by today's appearance.

They were both remanded on bail and will reappear in May.

Petricevic and Roest also face charges under the Crimes Act and the Companies Act following alleged false statements while they, along with former Bridgecorp directors Gary Urwin, Bruce Davidson and Peter Steigrad, also face 10 charges under the Securities Act. A trial on these charges is due in July.

- NZPA