A spectacular maritime collision will cost an Auckland finance company executive more than $11,000 but he has avoided a conviction.
John Robert Balgarnie, 65, was sailing his Riviera-style launch called Itsu near Waiheke Island in March when he smashed into a dinghy.
The victims Glenn and Janette Andrews, who had just caught a kingfish, said their small boat was "crushed like a tin can" and Maritime New Zealand said the incident could easily have been fatal.
Balgarnie was subsequently charged with operating a ship in a manner which caused unnecessary danger.
After admitting the charge, the former CFO of Fay Richwhite was discharged without conviction by Judge Grant Fraser at Auckland District Court today.