Public meeting for Hubbard investors
The group Exposing Unacceptable Financial Activities is holding a meeting to discuss treatment of Alan Hubbard and his investors
A investors' lobby group is holding a public meeting to discuss issues surrounding the statutory management of the South Island's richest man.
Last month the Government appointed statutory managers of the affairs of Aorangi Securities, seven charitable trusts and Alan Hubbard and his wife.
The group Exposing Unacceptable Financial Activities says a meeting in Timaru next week will inform investors of the lack of transparency and why Mr Hubbard was put into Statutory Management.
It claims authorities have failed investors over the past ten years, hiding their negligence and failing to inform victims and the public why Mr Hubbard was targeted. EUFA coordinator Suzanne Edmonds says the meeting is also a chance for investors to demand public accountability and an explanation for the reasons their investments were put at risk.
"Investors and supporters who are standing by Mr Hubbard have citizens? rights, to challenge the Government and the Authorities over their negligence."
The meeting in Timaru will start at 10am on Friday, August 6.
