MicroGEM director blamed 'embarrassing' accounting errors for 'very large' tax bill

MicroGEM director Danny Chan. (Image: LinkedIn)

Mon, 28 Aug 2023

A director of the New Zealand arm of a global biotech company that developed a covid-19 testing tool tried to blame the $730,000 owing to tax department on “embarrassing” accounting errors, court documents show.However, the judge who ordered MicroGEM NZ into liquidation last week sided with the Inland Revenue Department’s (IRD) lawyer, agreeing that MicroGEM director Danny Chan's explanation was “entirely implausible”.During the pandemic, the company, based in Dunedin, had been developing a “simple-t...

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