Auckland businessman Peter Huljich, son of richlister Christopher Huljich, has been publicly named as the person found guilty of insider trading in relation to the 2018 sale of Pushpay Holdings shares.
Huljich lost his Court of Appeal bid to overturn the conviction, while the Crown successfully appealed to double his fine from $100,000 to $200,000.
The case centred on Huljich’s actions after learning a co-founder planned to sell shares—information he allegedly used to benefit a trust that sold Pushpay shares before the official sale.
Despite denying wrongdoing and maintaining his innocence, Huljich said he would seek to appeal to the Supreme Court. Authorities, including the Financial Markets Authority, have welcomed the Court’s decision, emphasising the need for transparency and accountability in New Zealand’s financial markets.
Image credit: Viktor Forgiacs
