Share Investor: Allan Hubbard Saga: Supporters Risk Legal Action

The unappointed and unofficial support team for Allan Hubbard, traveling salesman Paul Carruthers and his team, last week sent a complaint to the Chief Ombudsman, Ms Beverley Wakem, requesting information over their failed bid to prove a conflict of interest surrounding Simon Botherway in relation to Allan Hubbard's failed business interests made late last year.

The following paragraph from the complaint is also the basis of their former complaint and the reason for the latest one:

We (the Hubbard Support Team) remind you that Allan Hubbard was the Chairperson and majority shareholder of SCF at the time SCF took receivership action against Botherway's brother. Following South Canterbury's Finance's actions for receivership Simon Botherway's brother was later adjudicated bankrupt. We note six days following the bankruptcy declaration (www.insolvency.govt.nz) the decision to place Allan Hubbard into statutory management was made. Bankruptcy in itself is a significant infringement on any individual. A bankrupt can not travel out of New Zealand or engage in business unless they first seek official authority. Nor can the bankrupt apply for credit unless they first disclose their bankruptcy to the creditor.

It was of course revealed here last year that the basis for the Allan Hubbard Supporters complaint concerning Mr Botherway had no basis in fact:

NZB (NZ Breweries) appointed a receiver on Friday 26th of June 2009. Their receivers sent a fax to SCF about 11am that morning giving them until 2pm to respond, SCF had no option but to appoint their own receivers to Merivale Ale House (Auckland Bars).

A week later PWC advised SCF to place the South Island bars in receivership so they could control all the businesses. The detail of this is available in the easily obtainable Receivers Report

Furthermore, Botherway was not involved in any of the decision making regarding Allan Hubbard's South Canterbury Finance and related companies and investigations into those companies.

These are the facts of the case from a reliable source and Allan Hubbard Supporters, led by Mr Carruthers, risk possible legal action from some of the parties named in their complaint if they continue to push such falsehoods as indicated in the latest missive from them, from the toilet block from where it is clearly written.

There will be a 6th Grant Thornton Report out late February.

Allan Hubbard Saga

Full SFO Statement on SCF Fraud Investigation

Hubbard Letter to Simon Power

6 comments:

AnonymousFebruary 14, 2011 at 1:09 PM
Fools still following their God Allah (Allan) Hubbard
AnonymousFebruary 15, 2011 at 9:13 PM
I wish they still posted on their facebook pages. HOURS of amusement.
Share InvestorFebruary 15, 2011 at 9:28 PM
I would imagine the posts will be coming post the SFO decision Anon.

It will be either gloating and threats of legal action against people like me or the typical sour grapes.
AnonymousMay 9, 2011 at 8:52 AM
I see in the ombudsman's final report she totally exonerates Botherway
Share InvestorMay 9, 2011 at 8:54 AM
So she should anon, he has clean hands as far as I am concerned.
AnonymousMay 12, 2011 at 7:17 AM
Interesting to see that "Miracle Worker" Paul Carruthers et al have not brought it up...

Interesting to see that the numbers of supporters on the SBH facebook page is climbing. The interesting part is that it they appear to be fictional characters like "Jake Ryan", "Will Armstrong" & "Andrew Jackson".

Gotta give them a 1 out of 10 for the originality of the names. LOL

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Friday, February 11, 2011

Allan Hubbard Saga: Supporters Risk Legal Action

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