The Government's working to strip Sir James Wallace of his honours -- as he spends his days behind bars at Mount Eden Prison

The 85-year-old's been named as the prominent businessman who sexually abused three young men - and tried to silence one by attempting to bribe him to drop the police complaint.

His suppression lapsed yesterday -- after being first charged five years ago.

Wallace was sentenced to two years and four months in prison in May 2021.

Wallace has always denied the allegations, claiming to be the victim of the MeToo campaign.