What's in a name: businessman in fight over trusts worth $30m

The case is being heard in the High Court at Auckland. (Photo: Supplied)

Mon, 28 Feb 2022

Two trusts with combined assets of more than $30 million are trying to distance themselves from a wealthy businessman who was convicted of indecent assault in March last year.The trusts have applied for the court’s blessing, which would protect them while they seek to implement a restructure and limit the association between their widely distributed assets and the businessman.The prominent businessman, who was once a trustee of the trusts, is appealing his conviction. BusinessDesk cannot identify the trusts, their purpose, or th...

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