Banker’s $18 million fraud

The Herald reports:

A former ASB Bank investment banker has admitted fraud charges involving nearly $18 million.

Stephen Gerard Versalko, 51, has today pleaded guilty in the Auckland District Court to three charges laid by the Serious Fraud Office after a three-month investigation.

Meanwhile the Labour Party President is in Auckland investigating a rumour that John Key once worked with someone who had dinner with someone, who knew the ASB executive.