Carpet numbering at centre of new Feltex fraud claim

Carpet numbering at centre of new Feltex fraud claim
Former directors of Feltex are rejecting the latest attempt to revive fraud claims. (Image: Deposit Photos)
Denise McNabb
Information uncovered through forensic data-matching of carpet roll numbers, picking slips and invoices has given Feltex litigation funder Tony Gavigan fresh impetus to pursue the carpet maker’s former company directors and Credit Suisse, alleging fraud.The Serious Fraud Office has yet to decide whether to pursue the claims and Gavigan is waiting on the results of an independent assessment of key materials he unearthed on a recent trip to Melbourne.In a letter to BusinessDesk on July 23, lawyers acting for several of the former Feltex dir...

More Retail

NZX-listed Cooks Coffee unfazed by record raw coffee prices
Retail

NZX-listed Cooks Coffee unfazed by record raw coffee prices

This year's 76% hike doesn't affect the firm's outlook, chair says.

Card spending eases in November vs October
Retail

Card spending eases in November vs October

But there is cheer for the hospitality industry. 

ForBarr raises Hallenstein Glasson target price 20%
Retail

ForBarr raises Hallenstein Glasson target price 20%

The outlook in the golden country is golden, they say.

Gregor Thompson 11 Dec 2024
Supermarkets say ‘errors’ behind ComCom criminal charges
Retail

Supermarkets say ‘errors’ behind ComCom criminal charges

ComCom has filed criminal charges against Woolworths and two Foodstuffs supermarkets. 

Gregor Thompson 11 Dec 2024