Rod Petricevic: From jail to $1.5m pad

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.”

READ MORE….

rod

Rod Petricevic, jailed in 2012, is now living in central Auckland. Photo / Jason Oxenham

VIA STUFF