Millions still owed by Blackwell-linked finance company

Millions still owed by Blackwell-linked finance company
NZF Money directors including Peter Huljich settled a case with the receiver in 2013. (Image: Supplied)
Rebecca Stevenson
Receivers are still chasing millions owed to a collapsed finance company linked to incarcerated Blackwell Global founder Michael Chai. Michael Chai, or Kaw Sing Chai, was arrested in the Philippines in January.  Chai, a former director and current shareholder of the New Zealand stock exchange (NZX) listed RTO, is alleged by Chinese authorities to have defrauded investors of about $100 million.Chinese authorities allege Chai used his NZ links and promises of high returns to entice investors to hand over millions, some of which he took...

More Markets

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.