One of New Zealand’s most notorious white-collar criminals is back living in an upmarket part of Auckland after his release from jail six months ago.
One investor, who lost more than $1 million when finance company Bridgecorp collapsed in 2007, is upset its former boss, Rod Petricevic, is now living in a $1.5m central Auckland townhouse.
“There is something terribly wrong with the justice system,” said 74-year-old Rex Warren, from Katikati.
“Some people work the whole of their lives, save money, invest it and lose it just like that. But someone can spend a few years in prison and come out to live in a place like that.
“My wife and I could have had quite a nice retirement, but it’s been restricted because we lost that much money. I carried on working for another five or six years and have only retired two years ago.”
Rod Petricevic, jailed in 2012, is now living in central Auckland. Photo / Jason Oxenham