PHOTO: REBECCA STEVENSON/STUFF Property developer Leonard John Ross and company director Michael James Wehipeihana lied to ANZ Bank to obtain a $41 million loan to construct the Waldorf Celestion Apartment Hotel.
A property developer who lied to ANZ Bank in order to obtain a $41 million development loan for his company has lost an appeal against his sentence.
In 2018, Leonard Ross was sentenced to four years and four months for his role in a scam that included lying to the bank about the number of genuine presales his company had made before construction began on the Waldorf Celestion Apartment Hotel.
Ross and his business partner Michael James Wehipeihana used forged documents, including sale and purchase agreements, to support the loan application.
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