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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

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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Mars Cap transactions lacked ‘commercial reason’
Business,
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