Grant Thornton says the $35.6 million distributed to about 203 investors repays all original capital invested into the fund.
Documents show Talos Accounting Group director Stephen Lacy estimates it owes $A6.8 million, including $A2.4 million to National Australia Bank.
NBR reporter Hamish McNicol talks about Bryers on NBR Radio and on demand on MyNBR Radio.
Ngarimu Blair: “We’ve seen over the past week, some iwi have bought into the Crown’s process which sets Maori against Maori by making new claims over Auckland.”
I thought dishonesty was a moral shortfall. Turns out it's a medical condition.
Rodney Hide discusses his latest column on NBR Radio and on demand on MyNBR Radio.