A Crown witness in the trial of three Bridgecorp bosses is sticking to her guns and maintains she talked to former director Rod Petricevic about the failed finance company missing payments to investors.
Petricevic and fellow directors Rob Roest and Peter Steigrad are accused of making untrue statements in the prospectuses and offer documents of Bridgecorp and Bridgecorp Investments.
The trio face 10 Securities Act charges while Petricevic and Roest face an additional eight charges of knowingly making false statements in offer documents that Bridgecorp had never missed interest payments to investors, or repayments of principal.
The Financial Markets Authority, which is bringing the case against the directors, claims payments were missed from February 7, 2007.
Petricevic's lawyer Charles Cato said in his opening statements last year that his client was not aware of the defaults until a board meeting shortly before the Bridgecorp companies went into receivership in July 2007, owing $459 million to investors.