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NZ company heads for liquidation as up to US$100m is missing

The High Court is considering strange case of Mars Cap Ltd and Australian company Probis.

The matter was listed for mention again in the High Court later this month.

Two companies on either side of the Tasman are facing liquidation and administrators are chasing up to US$100 million in missing funds, some of which seems to have disappeared into another failed company in the Malaysian tax haven of Labuan.

The convoluted dealings between Australian company Probis

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Lachlan Colquhoun Tue, 19 Sep 2023
Contact the Writer: lachlan@nbr.co.nz
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NZ company heads for liquidation as up to US$100m is missing
Australia,
100902