Auckland businesswoman Eli Devoy has been charged as the ringleader of an alleged complex mortgage fraud.

The Auckland-based company posts a profit of $34,000 in the 12 months ended March 31, from a loss of $218,000 a year earlier.

“The response from investors is spectacular and greater than we expected.”

Export receipts outpaced imports by $157min April for an annual deficit of $694m.

Outlandish figure slips past Overseas Investment Office in Chinese company's application.