At a hearing held on the 6th day of March 2000, the Disciplinary Tribunal of the Institute of Chartered Accountants of New Zealand heard a charge against John Bernard Mathewson of Christchurch.
John Bernard Mathewson did not appear before the Disciplinary Tribunal but pleaded guilty to the charge.
The member had been convicted in the Court of 2 offences punishable by imprisonment - obtaining loans by fraud, which the tribunal considered reflected on his fitness to practise accountancy and tended to bring the profession into disrepute.
The Court charges, brought by the Serious Fraud Office, related to the member obtaining loans from the National Bank and the Bank of New Zealand respectively by falsely representing the value of Cardinal Community Laboratories.
After receiving evidence and hearing submissions on behalf of the Professional Conduct Committee, the Disciplinary Tribunal found the member:
(a) Guilty of acts discreditable to a chartered accountant.
(b) Guilty of unprofessional conduct.
As the offences were considered serious, the tribunal ordered that:
? Pursuant to Rule 21.31 of the institute's rules, John Bernard Mathewson be removed from the Register of Members of the Institute.
? Pursuant to Rule 21.33 of the institute's rules, the member pay to the institute the sum of $3,300.00 in respect of costs.
? Pursuant to Rule 21.35 of the institute's rules, the decision of the tribunal be published in the Chartered Accountants Journal, the New Zealand Gazette and the Christchurch Press.