
D-day for Hill to disclose global assets
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Paul Henry Friday, August 08, 2008
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FORMER Cash Plus boss Carlos Hill must today make full disclosure of his global assets in the Supreme Court or face imprisonment for contempt of court.
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| HILL... failed to comply with an April court order to disclose all his assets |
Today's deadline was set last Wednesday after Hill failed to comply with an April court order to fully disclose his assets.
The embattled Hill was spared jail time last week as Justice Patrick Brooks said he was not convinced that his failure to comply with the order was deliberate.
Disgruntled Cash Plus investor Alexander Haber, who is suing Hill to recover $30 million, had in April made an application for the former Cash Plus boss to disclose all his assets.
Hill, 60, never complied with the order, forcing Haber to make an application for him to be committed to prison if he fails to comply with the court order by June 19.
Hill did make the June deadline but failed to make full disclosure, prompting another application from Haber to have him committed to prison.
When the matter came up for hearing on July 24, Hill's legal team asked for more time to fully comply with the order, which they failed to do last Wednesday.
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