Chopper charity in court over asset transfer

Chopper charity in court over asset transfer
The trust has more than $36.5m in assets, including three helicopters. (Image: ARHT)
Victoria Young
Two of the trustees of the Auckland Rescue Helicopter Trust (ARHT) have taken legal action to stop the shifting of millions of dollars of assets, including two helicopters, into a joint venture.The two trustees, Scott Rice and Nuwanthie Samarakone, said the charity can’t transfer its helicopters, assets and funding into another entity because that entity operated in a wider area than Auckland.The trust had more than $36.5 million in assets, including three helicopters. It received revenue of $13.5m last year and employed about 20 people.&...

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