What Happened To South Canterbury Finance?

In August 2010, South Canterbury Finance was placed in receivership owing depositors NZ$1.7 billion. It’s assets valued at approximately NZ$1.9 billion, including subsidiary companies in property development, vehicle leasing and insurance. The Government paid out to all 35,000 investors $NZ1. What happened Alan Hubbard? Hubbard died as the result of an Oamaru car crash. After …

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