Russian law firm called in for liquidation checks

Credomax was placed into liquidation in May 2023. (Image: Getty)

Fri, 05 Jan 2024

A liquidator has spent more than $50,000 with a Russian law firm to conduct anti-money laundering checks on a New Zealand-registered company and scrutinise its former beneficial owner.Credomax was registered in NZ in 2007 with a single shareholder, Maxhold Limited. According to later court filings, Maxhold, which has since been removed from the register, was only a nominee shareholder, holding the Credomax shares on trust for Russian businessman Vladimir Veretennikov.In December 2012, Credomax was removed from the Companies Office reg...

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