Businessman Peter Huljich reveals himself as convicted inside trader
An appeal against conviction was dismissed by the Court of Appeal.
Photo:
123RF
An Auckland businessman has revealed himself as the person found guilty of insider trading in relation to the sale of shares of a digital donations company Pushpay.
Peter Huljich was convicted in 2023 in a case brought by the Financial Markets Authority, but name suppression was not due to expire until Friday.
He said he revealed himself early because he wanted to front the issue and his belief in fair and ethical business environment.
Huljich, a member of a well known Auckland business family, maintains his innocence and said he was an intermediary in the issue.
An appeal against conviction was dismissed by the Court of Appeal and a fine of $100 thousand dollars doubled.
He said he intended to seek an appeal to the Supreme Court.
More to come...
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