Court allows Du Val founders $1,500 a week each in living costs

Kenyon Clarke. (Image: supplied)

Fri, 09 Aug 2024

The founders of Du Val are allowed up to $1,500 a week each for living costs, court records show. Last Friday, the High Court placed 64 entities within the property group and its two founders, Kenyon and Charlotte Clarke, in interim receivership at the Financial Markets Authority's (FMA) request.Early that morning, representatives of the FMA and police officers entered the Clarkes’ home in Remuera, Auckland, carrying filing boxes and canisters.PwC’s John Fisk, Richard Nacey and Lara Bennett were appointed interim receivers...

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