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Mars Cap transactions lacked ‘commercial reason’

Liquidator of company linked to multi-billion-dollar investor losses fields inquiries from law enforcement authorities overseas.

The Mars Cap office in Auckland’s Kitchener St.

Tim Hunter Mon, 12 Feb 2024
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Liquidators for New Zealand company Mars Cap, which failed last year owing at least $188 million, say they have been contacted by overseas law enforcement authorities investigating its role in a suspected cross-border investment fraud.

In their first report published Friday, liquidators John Fisk

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Tim Hunter Mon, 12 Feb 2024
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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Mars Cap transactions lacked ‘commercial reason’
General Business,
102639
true