BOOK EXTRACT: Michael Cooper's 21st annual Buyer’s Guide to New Zealand Wines.
Investors in Money Managers’ First Step trusts might face further losses as the trust’s investment manager stands to lose up to $36 million on a failed Onehunga development.
Receivers for Retail on Main, BDO Spicers, said the company owed Financial Trust $36 million as at March 31 2009.
The liquidator for numerous companies owned by ex-Olympian Brent Clode has managed to escape serious repercussions after failing to appear in court.
Michael Cooper failed to turn up at the High Court at Auckland twice – but documents obtained by NBR indicated Mr Cooper would not have to go before the court to explain his absence.