SYDNEY, Oct 14 (Reuters) – Ron Brierley, the New Zealand-born former corporate raider who shot to fame by launching high-profile takeovers by way of the Nineteen Eighties, was sentenced to 14 months in an Australian jail on Thursday after pleading responsible to child pornography offences.
Brierley, 84, had bail revoked and was taken into custody after a sentencing listening to at Sydney District Court, to stay in jail till Dec. 13, 2022, based on a court docket submitting reviewed by Reuters.
He was nonetheless eligible to use for parole after seven months, which means he could also be entitled to go away jail in May 2022, the submitting mentioned.
Brierley’s sentence would have been longer however the choose, Sarah Huggett, reduce it by quarter due to his responsible plea, the submitting added.
The former businessman’s lawyer, Penny Musgrave, advised Reuters by phone that representatives for Brierley had filed a discover of intention to attraction in opposition to the sentence, however declined to remark additional.
Brierley, who was knighted for providers to enterprise administration in 1988, was arrested at Sydney Airport in Dec. 2019. Police on the time mentioned child pornography was discovered on his laptop computer and laborious drives throughout a baggage search.
He was charged with six counts of possessing child abuse materials, and pleaded responsible to 3 counts earlier this yr.
New Zealand Prime (*14*) Jacinda Ardern requested for the method to strip Brierley of his knighthood to start following the plea, however she mentioned later that he had supplied to forfeit the knighthood as an alternative.
Known for his aggressive shareholder activism, Brierley started his corporate profession in 1961, beginning his personal funding firm in his native New Zealand.
By the Nineteen Eighties, his firm was the biggest on the New Zealand inventory trade by market capitalisation, earlier than he turned his consideration to Australia. He remained energetic within the corporate world till his retirement in 2019.