Bankrupt director of Hubbard-financed Papamoa project in 'clear breach'

Liquidators were appointed to Emerald Shores in 2012 on application by the statutory managers of the late Allan Hubbard's Aorangi Securities.

Hamish McNicol
Thu, 24 Sep 2015

Liquidators of an Allan Hubbard-financed Papamoa property development have gained orders the company director breached his duties when he transferred about $2.6 million of property to a separate company he controlled.

RHB Chartered Accountants was appointed liquidator of Emerald Shores in 2012

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