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23 Jul 2019 23:45
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  •   Home > News > Business

    A legal claim from victims of the country's largest ponzi scheme marks the end of a long battle

    A legal claim from victims of the country's largest ponzi scheme marks the end of a long battle


    Investors in Ross Asset Management have today filed a claim against ANZ, alleging it was negligent in its management of the failed financial advice firm's accounts.

    ANZ has already spent years in a legal battle with the Financial Markets Authority.

    That's been over the FMA releasing information to investors about ANZ's management of the accounts.

    FMA chief executive Rob Everett says the matter raises important questions around bankers' duties.

    He says he's pleased they will now be tested in court.

    ANZ says it strongly denies the investors's allegations.

    © 2019 Newstalk ZB, NZCity


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    The 57-nil annihilation of South Africa two years ago is nothing but a distant memory to All Blacks assistant coach Ian Foster More...


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    An Auckland Council worker's been accused of accepting a bribe to guarantee a 150-thousand dollar business deal More...



     Today's News

    Politics:
    Boris Johnson wins Conservative Party leadership and will become the UK's next prime minister 23:37

    Rugby:
    The 57-nil annihilation of South Africa two years ago is nothing but a distant memory to All Blacks assistant coach Ian Foster 21:57

    Entertainment:
    Ashley Roberts is "too busy" to think about having children 21:37

    Environment:
    Climate Change activists have reached the ground after their epic stunt climbing Wellington's tallest building 21:27

    Politics:
    Three people have been arrested, for obstructing Police at Ihumatao 21:17

    Entertainment:
    Iggy Azalea felt "scared" by the prospect of going head-to-head with Peppa Pig in the album charts 21:07

    International:
    MasterChef judges George Calombaris, Matt Preston and Gary Mehigan not returning next season 20:58

    Entertainment:
    Priyanka Chopra celebrated her 37th birthday by enjoying a luxurious trip to Miami with Nick Jonas 20:37

    Entertainment:
    The Spice Girls could reportedly earn as much as £10 million each for a Las Vegas residency 20:07

    Entertainment:
    Chace Crawford is "open" to a 'Gossip Girl' reunion 19:37


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