Court orders liquidation of Hubbard-financed Papamoa property development

By Paul McBeth
July 16 (BusinessDesk) - The High Court at Timaru has appointed liquidators to a Papamoa property development over some $2.5 million owed to the frozen Aorangi Securities.
Associate Judge Rob Osborne appointed Kenneth Brown and Paul Manning of RHB Chartered Accountants as liquidators of Emerald Shores, according to a June 28 judgment that was published on the Justice Ministry's website this week.
The judge upheld the claim that Bay of Plenty businessman Peter Cameron's swapping of property assets out of Emerald Shores and in...
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