Receivers ask Du Val founders: ‘Where are the assets?’

Receivers ask Du Val founders: ‘Where are the assets?’
PwC will ask the court to direct Charlotte and Kenyon Clarke to provide more information. (Image: Supplied)
Maria Slade
Receivers controlling the affairs of Du Val founders Charlotte and Kenyon Clarke say they have questions about the location of some of the couple’s assets.The Du Val property development and investment group was placed in statutory management in August owing an estimated $240 million, and the Clarkes themselves are in receivership.PwC was appointed receiver and statutory manager after the Financial Markets Authority (FMA) gained an asset preservation order over dozens of Du Val businesses and the couple.A court hearing set down for Dec 3...

More Property

Nikki Connors’ firm found to have misled property investor
Finance

Nikki Connors’ firm found to have misled property investor

Financial ombudsman rules against Propellor Property Investments.

FMA seeks legal clarification on expert investor rules
Property

FMA seeks legal clarification on expert investor rules

Case follows concerns over invalid certificates.

Staff reporters 23 Dec 2024
Ryman's model is shaking up Oz retirement sector
Property

Ryman's model is shaking up Oz retirement sector

'It's a NZ innovation that Australians can't steal,' says Ryman COO. 

Gregor Thompson 23 Dec 2024
Du Val wholesale investor doubts her eligibility
Property

Du Val wholesale investor doubts her eligibility

An investor convinced a relative to certify her after she heard a Du Val Capital pitch.

Garth Bray 23 Dec 2024