Mainzeal directors ignored forex loan risk, China expert says

Fri, 12 Oct 2018

By Nikki Mandow Oct. 12 (BusinessDesk) - Directors of failed property company Mainzeal, including former Prime Minister Jenny Shipley and former Brierley Investments boss Paul Collins, should have known there was a high risk they wouldn’t get back millions of dollars they had lent to Chinese sister company MLG Trading, the High Court heard this week. Former MFAT official and China expert Charles Finny was giving evidence in a case taken by Mainzeal liquidators BDO to try to recover around $75 million for creditors, including subcontractor...

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