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8 May 2024 17:04
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      Home > News > Politics

    An eighty million dollar lawsuit against ANZ will begin next week

    An eighty million dollar lawsuit against ANZ will begin next week


    Wellington financial advisor, David Ross ran a ponzi scheme through his business, Ross Asset Management in 2012.

    A spokesperson for victims of the scam - now totalling a group of 554 investors - says they believe ANZ had knowledge of Ross misusing RAM investor funds.

    He says there is strong evidence against the bank - and they should not be allowed to bury the facts.

    The class action will be heard over March 2nd and 3rd at the High Court in Wellington.

    © 2024 Newstalk ZB, NZCity

     Other Politics News
     08 May: Suspended Green MP, Darleen Tana, has been removed the Party's website
     08 May: A King's Council who complained about tikanga Maori being made compulsory in law studies, is hopeful a Government committee listens to his concerns
     08 May: A birthing centre in Lower Hutt that controversially closed three years ago, could reopen with new funding
     07 May: The Ministry of Disabled People deliberately chose not to give advanced warning about its funding changes
     07 May: Multiple concerns from the Corrections Association over the Government's funding announcement
     07 May: The OECD has put our slow productivity back in the spotlight
     07 May: The Government's cracking down on law and order - with a 1.9 billion dollar investment in corrections
     Top Stories

    RUGBY RUGBY
    Expect returning fullback Zarn Sullivan to provide the Blues with an injection of enthusiasm for Saturday's top-of-the table Super Rugby clash against the Hurricanes in Auckland More...

    BUSINESS BUSINESS
    ANZ has revealed it's New Zealand customers owe almost two-billion dollars in overdue mortgage repayments More...


     Today's News

    		 Environment:
    Expect returning fullback Zarn Sullivan to provide the Blues with an injection of enthusiasm for Saturday's top-of-the table Super Rugby clash against the Hurricanes in Auckland 16:57

     Entertainment:
    Gary Barlow's £6 million home has been targeted by burglars 16:45

     International:
    AI fools Katy Perry's parents, Rihanna's notable absence and Ariana Grande's performance. Here are five things you may have missed from the Met Gala 16:27

     Rugby:
    An extended absence from the Crusaders is about to come to an end for All Blacks prop Tamaiti Williams 16:17

     Entertainment:
    '13 Reasons Why' and 'Night School' actress Anne Winters is receiving treatment for malnutrition 16:15

     Entertainment:
    Raven-Symoné has called out the trolls who sent her wife death threats simply because she hadn't seen 'That's So Raven' 15:45

     Politics:
    Suspended Green MP, Darleen Tana, has been removed the Party's website 15:27

     Motoring:
    The first snow and ice is expected on South Island roads tonight 15:17

     Entertainment:
    Adele is "happy" in both her professional and personal life 15:15

     International:
    Boeing's Starliner capsule faces lengthy delays as technical issues postpone flight by at least 10 days 15:07

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