News in Brief

News in Brief
Green light for $1 billion Lakeview-Taumata project
News in Brief

Green light for $1 billion Lakeview-Taumata project

Earthworks on Queenstown's former holiday park should commence next year.

Staff reporters 16 Dec 2022
ComCom pings NZME over magnet sales
News in Brief Free

ComCom pings NZME over magnet sales

The Commerce Commission has filed court proceedings against NZME Advisory, a subsidiary of media company NZME, in relation to the historical sale of magnet sets.NZME said in a statement this morning that the Commerce Commission considered the magnet sales to be prohibited under t...

Staff reporters 16 Dec 2022
Group found guilty of defrauding banks of $8.7m
News in Brief

Group found guilty of defrauding banks of $8.7m

The two couples wanted to invest in Auckland property but did not have the income needed to get bank loans.

Staff reporters 15 Dec 2022
FMA warns Pencarrow Private Equity for AMl/CFT breaches
News in Brief

FMA warns Pencarrow Private Equity for AMl/CFT breaches

The investigation found "systemic failings" in Pencarrow's retention of identity and verification records.

Staff reporters 15 Dec 2022