Former New Zealand Prime Minister Jenny Shipley addresses party supporters as husband Burton looks on after conceding victory to the Labour Party leader Helen Clark in Methven, November 27, 1999./File Photo Acquire Licensing RightsWELLINGTON, Aug 25 (Reuters) - New Zealand's highest court has ordered former New Zealand Prime Minister Jenny Shipley to pay NZ$6.6 million ($3.9 million) plus interest as compensation for her role in the collapse of a construction company, a judgement released on Friday said.
Shipley was New Zealand’s first female prime minister holding the role from 1997 to 1999.
In the judgement, the court ordered the four directors to contribute NZ$39.8 million plus interest to Mainzeal creditors.
It stated Yan was most culpable and said he was responsible for the entire amount of compensation, with Shipley, Tilby and Gromm’s liabilities capped at NZ$6.6 million and interest each.
($1 = 1.6883 New Zealand dollars)Reporting by Lucy Craymer; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.
Persons:
Jenny Shipley, Burton, Helen Clark, Shipley, New Zealand’s, Richard Yan, Clive Tilby, Peter Gromm, Yan, Gromm, Yan's, Andrew McKay, Lucy Craymer, Lincoln
Organizations:
New Zealand, Labour Party, Rights, NZ, Supreme, Zealand, Thomson
Locations:
Methven, New, Shipley, Tilby, Mainzeal