As multi-billion dollar fraud allegations mount against beleaguered German digital payment processor Wirecard AG, the New Zealand business along with its Australian subsidiary have been placed in voluntary administration so they can continue providing services to customers and po...
Feltex Carpets investors are seeking more time and have new supporters guaranteeing funding for their court case against the company’s former directors and promoters.
The Serious Fraud Office has confirmed a fifth investigation into electoral funding, stating today it is looking into donations to the Labour Party.The agency said the probe relates to donations made in 2017.“We consider that making the current announcement is consistent with our...
Former Mainzeal director Richard Yan has fended off bankruptcy proceedings yet again. A High Court judge said today that while Yan was clearly wealthy by New Zealand standards, he couldn’t work out whether he had enough to the pay $18 million he was ordered to pay in 2019....
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