An unknown sum of money has been transferred from a defunct Hanover company to the Crown.
FAI Money had sought $386,267 in repayment for a $300,000 loan but won judgment for $137,000 against a negligent trustee.
NBR reporter Hamish McNicol talks about Hanover on NBR Radio and on demand on MyNBR Radio.
FAI Money, which lists Mark Hotchin and Eric Watson as its directors, lent disbarred and bankrupt lawyer Edward Errol Johnston $300,000 in late 2009.
Hamish McNicol talks about Hanover on NBR Radio and on demand on MyNBR Radio.