Staying afloat is a case of ‘subbie beware’

A shuttered Du Val site. Mark Lovich was forced to listen to empty promises from the group’s founder. (Image: Jason Dorday)

Maria Slade

Mon, 10 Mar 2025

Mark Lovich may have just spent $60,000 to recover $60,000, or he may be $120,000 in the hole.Either way, the co-founder and managing director of Lovich Floors would rather risk it than let the Auckland developer who owes his floor coverings business off the hook.Although it’s been several years since Nest or Invest Group failed to pay Lovich Floors for work on the Sullivan Ave terraced housing development in Māngere Bridge, a building adjudication decision in the flooring firm’s favour landed just last week.The company was warned t...

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Law & Regulation

FMA files criminal charge against Prem Gounder

The Financial Markets Authority (FMA) has filed a criminal charge against former Auckland-based financial adviser Prem Gounder for dishonestly using a document.The FMA alleges that Gounder, while acting as a licensed financial adviser, submitted a false document, namely a gifting...

Staff reporters 12:40pm

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