SFO mulls Feltex complaint

SFO mulls Feltex complaint
Funder Tony Gavigan's latest effort is complaining to the fraud agency.
Victoria Young
After the supreme court shut the door on a long-running investor class action, former Feltex shareholders are turning to the Serious Fraud Office for help.They have laid a complaint with the fraud agency alleging Feltex’s IT and accounting staff were instructed to roll back enough sales invoices – about $8.8 million worth – to ensure an untrue sales forecast in June 30, 2004.The supreme court affirmed in 2018 that Feltex’s prospectus had an untrue statement, but sent the matter back to the high court to determine whether...

More Law & Regulation

Legislation for critical infrastructure cybersecurity past due
Law & Regulation

Legislation for critical infrastructure cybersecurity past due

Without regulation, NZ's critical infrastructure will remain at risk of cyber attacks.

Gas scramble ends up in court
Law & Regulation

Gas scramble ends up in court

Nova stopped supplying Methanex with gas on very short notice.

Dunajtschik settles $6m dispute with his former lawyer
Law & Regulation

Dunajtschik settles $6m dispute with his former lawyer

Before the settlement, Dunajtschik gave evidence in court.

Gregor Thompson 16 Jul 2024
Steady rise in company liquidations post-Covid, High Court figures show
Law & Regulation

Steady rise in company liquidations post-Covid, High Court figures show

New insolvency proceeding filings increased 24% to 323 cases in 2023, High Court says.

John Anthony 12 Jul 2024