Bankrupt Pauanui developer used company funds to build own house
Duncan Bridgeman Tue, 15 Feb 2011
A director of Coromandel's Pauanui Lakes Resort, which collapsed owing lenders more than $34 million, used company funds to build his own home with no legal access way.
Gary MacDougall was bankrupted last March and he and fellow director Richard Herbert have been banned from being a director