The New Zealand Institute of Chartered Accountants has issued an interim suspension to David Ross.
There is a possibility investors may be eligible for tax return refunds, IRD says.
"Goodness, what a bird's nest of a nightmare. And how ironic IRD in this instance may end up being a savings scheme..."
"To me, RAM has a liability to its investors for $450m odd. The cake should be apportioned on that basis, even if the cake is crumbs."
As the office confirms its investigation an investor's daughter says she was one of the last people to speak to David Ross.
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