Labour party donor vows to defend ‘misguided’ SFO prosecution

Labour party donor vows to defend ‘misguided’ SFO prosecution
Yikun Zhang and former governor general Dame Patsy Reddy. (Photo: Supplied)
Michael Andrew
A defendant in a Serious Fraud Office (SFO) prosecution relating to Labour party donations has had his interim name suppression lifted in the Auckland high court today.Businessman Yikun Zhang is one of three people also defending charges in relation to National Party party donations. The others are Shija 'Colin' Zheng and Hengjia 'Joe' Zheng.Zhang purchased five paintings from the Labour party for $60,000 in 2017. He also purchased an antique imperial robe and two other works of art at a Labour party auction for $100,000 in...

More Law & Regulation

Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

Commentators raise cost-benefit concerns over the RBNZ's capital settings review.

Calibre Partners seeks buyer for Futureverse
Law & Regulation

Calibre Partners seeks buyer for Futureverse

The insolvency came just over two years after 50T Funds led a $54m funding round.

Gregor Thompson 08 Oct 2025
Former real estate agent Aaron Drever jailed for eight months
Law & Regulation

Former real estate agent Aaron Drever jailed for eight months

A disgraced real estate agent and convicted fraudster has been handed eight more months in prison for deception.Aaron Carl Drever is already behind bars for insolvency crimes, but was sentenced this week to more jail time for concealing income from the Official Assignee while an...

Staff reporters 08 Oct 2025
Philip Stevens named FMA's chief economist
Law & Regulation

Philip Stevens named FMA's chief economist

Philip Stevens has been appointed as the new chief economist of the Financial Markets Authority (FMA).With over 25 years of experience in economics, Stevens holds a doctorate in economics from the University of Oxford and has previously held directorial roles in economics at the...

BD AI 08 Oct 2025