A magnificent start and payments of more than $1 million are at the centre of additional accusations filed against Bridgecorp Directors, Rod Petricevic and Robert Roest.

The Serious Fraud Office charges that the luxury boat 'Medici' was purchased deceitfully utilizing $1.8 million of Bridgecorp money, and that Bridgecorp also shelled out money for its working costs.

The second group of indicts links to expenses of $1.2 million to a business dubbed ABb. The SFO claims that the payments were a pretense devised to filter money to a woman who was an associate of Petricevic.

SFO Chief Executive, Adam Feeley says that there have been widespread and thorough inquiries into the failure of the Company, and the fresh claims bring an end to those investigations.

He says that the SFO has also looked into a huge number of business transactions entailing Bridgecorp and other corporations, where there were mutual shareholders or other connected interests, but has discovered that any deception, which might have been committed, can be reported by action already being taken by other organizations.

Mr. Feeley is recommending that the Crown might want to mull over changing the charges that it has already put down.

Mr. Feeley says that bringing the Bridgecorp examination to a conclusion was vital to both the larger inspections into botched finance firms.