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December 21, 1992 | From Times Staff and Wire Reports
Equiticorp Founder Guilty of Fraud: The founder of collapsed New Zealand investment company Equiticorp, Allan Hawkins, was found guilty Friday of seven fraud and conspiracy charges on transactions totaling $270 million. The verdicts were delivered to an overflowing courtroom in Auckland after three weeks of deliberation on the 111-day trial. Hawkins, 51, was found innocent on four of the 11 charges he faced. He will be sentenced Jan. 6.
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BUSINESS
December 21, 1992 | From Times Staff and Wire Reports
Equiticorp Founder Guilty of Fraud: The founder of collapsed New Zealand investment company Equiticorp, Allan Hawkins, was found guilty Friday of seven fraud and conspiracy charges on transactions totaling $270 million. The verdicts were delivered to an overflowing courtroom in Auckland after three weeks of deliberation on the 111-day trial. Hawkins, 51, was found innocent on four of the 11 charges he faced. He will be sentenced Jan. 6.
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BUSINESS
June 9, 1989 | From Times wire service s
Prime Minister David Lange said today that he doubts the sale of New Zealand's biggest steelmaker to a Chinese state enterprise will go ahead. In one of China's biggest overseas investments, the China National Metals and Minerals Import and Export Corp., said in April that it would buy troubled New Zealand Steel. The price is a closely kept secret but analysts put it at between $170 million and $230 million. "If I were . . . punting (betting on) the outcome of that deal, I would say unhappily it's not going to proceed," Lange told Radio New Zealand.
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