SFO investigates Albany Heights housing development

The Serious Fraud Office has opened an investigation into the Albany Heights residential housing development on Auckland's North Shore and two companies involved in it.

The investigation follows a series of stories published by NBR ONLINE and NBR PRINT about the troubled property development and the whereabouts of investor funds.

“Recent media reports have highlighted investors’ angst at how their funds have been dealt with,” SFO acting executive Simon McArley says in a statement issued this afternoon.

 

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