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29 Mar 2020 18:34
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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.

    © 2020 Newstalk ZB, NZCity


     Other Politics News
     29 Mar: The Opposition Leader is steering clear of any election speculation
     29 Mar: Coronavirus has shown Australian travellers have too high expectations of how the Government can help
     29 Mar: Rate of coronavirus infection slows in NSW as authorities urge public to maintain social distancing
     29 Mar: Processes around emergency ambulance transportation of patients to hospital have been updated amidst the Covid-19 lockdown
     28 Mar: A leading economist is welcoming modifications to the government's wage subsidy scheme to ensure people keep their jobs during the national lockdown
     28 Mar: During the coronavirus lockdown many farmers are still struggling with Mycoplasma bovis
     28 Mar: Pay negotiations between the NRL and its players will linger into next week after the two parties failed to reach an agreement
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     Today's News

    Entertainment:
    Niall Horan feels his track 'Dear Patience' has become "very relevant" during the coronavirus pandemic 18:26

    Politics:
    The Opposition Leader is steering clear of any election speculation 18:17

    Cricket:
    Steve Smith's two year leadership suspension is over, giving him the ability to captain the Australian cricket team if required, once the game returns 18:17

    Rugby:
    Beauden Barrett's itching feet have had to settle for slippers over studs 18:07

    Entertainment:
    Justin Timberlake and Jessica Biel have escaped to the mountains amid the coronavirus pandemic 17:56

    International:
    New Zealand records first coronavirus-related death, Jacinda Ardern urges people to practise social distancing 17:27

    Entertainment:
    Maggie Grace has slammed her 'Lost' co-star Evangeline Lilly for taking her kids to gymnastics during the coronavirus pandemic 17:26

    Politics:
    Coronavirus has shown Australian travellers have too high expectations of how the Government can help 17:17

    Rugby:
    Beauden Barrett's fulfilling the title of house-husband in and around his training routine 16:57

    Entertainment:
    Katie Price broke her social media silence to tell her ex-husband Peter Andre and his family to "stay safe" during the coronavirus pandemic 16:56


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