Share Investor: Allan Hubbard Saga: Mental Challenge

The Allan Hubbard Saga has just taken a bizarre and unexpected twist.

As reported in the NBR this morning, Hubbard's official support team have been sending MRI brain scans to the Serious Fraud Office. To what end is unclear but one can see Mr Hubbard's Lawyers might be trying for the sympathy vote. If he can be seen as doddery, unable to understand detail and incapable of thinking clearly(hang on isn't that what this is all about anyway!) then there is the possibility a poor judge with charges brought before him by the SFO against Hubbard might be inclined to set them side because of Hubbard's delicate mental and physical shape:

But legal and medical specialists says they are astonished by that and suspect the use of an MRI brain scan is part of an attempt to prove Mr Hubbard is not fit to stand trial.

Both Serious Fraud Office director Adam Feeley and Mr Hubbard’s lawyer, Russell McVeagh partner Mike Heron, have indicated a decision on whether the Timaru accountant will face charges over Aorangi Securities is likely to be made late next week.

NBR understands the Serious Fraud Office has not requested any medical information about Mr Hubbard.

With impending charges due from the SFO next week, Hubbard's legal team is looking increasingly desperate to keep their man from facing serious charges of fraud, forgery, incomplete and missing paperwork. Clearly his lawyers think the SFO and other Government agencies have a strong case against their man otherwise their defence would be one of them gathering their own evidence against the charges rather than pleading a lack of mental capacity to stand trial.

The self appointed unofficial Hubbard Support team, who includes traveling salesman Paul Carruthers and religious devotee Michelle Halliwell, this time appear to be the sane ones with a really good point made on Hubbard's Lawyers possible plea:

“a slippery road that we do not want to go down under any circumstances” as it raised the prospect of an end-game.

“What if they say he is not fit for trial? Therefore he can’t run a company [and] it allows them to strike him off the companies register while bypassing the courts,” Paul Carruthers NBR

Although a contrary opinion from his supporters, who have thus far been publicly rallying for a quashing of any charges and an abandonment of a trial, Mr Carruthers and his fellow travelers have now done a sensible 180 degree turn and are right that if a trial is abandoned then the public are not going to see a clear decision about whether Hubbard is guilty or not of the charges thus far only brought against him in the media and investigated by the SFO and several other Government and private agencies.

I agree, we need a clear decision on his guilt or other and that is why the charges need to be placed and the trial needs to go ahead.

Allan Hubbard Saga

Full SFO Statement on SCF Fraud Investigation

Hubbard Letter to Simon Power

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Friday, January 28, 2011

Allan Hubbard Saga: Mental Challenge

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