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NZ company Mars Cap the conduit for $4.7b from Taiwan

Links to huge investment scandal detailed in presentations to investors.

The Auckland office of Mars Cap is closed and plastered with court documents.

Tim Hunter Thu, 19 Oct 2023
Key points
  • Why it matters: Mars Cap Ltd is a key component in an international network feared responsible for billions of dollars of investor losses.
  • Background: The company was placed in interim liquidation in August on the application of Australian administrators trying to trace US$100 million.
  • Key players: Mars Cap Ltd, Ayers Alliance Financial Group, Probis Financial Services, City Credit Capital, STI Wealth, PwC, Hall Chadwick, CySec, William Kong, Clement Tung, Chapman Tripp.

Documents presented to investors in Taiwan indicate a New Zealand company was involved in transactions totalling more than US$2.8 billion ($4.7b), about 25 times the amount its liquidators are chasing from creditors.

Mars Cap Ltd, which operated from a tiny office in Auckland’s Kitchener St, was

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Contact the Writer: thunter@nbr.co.nz
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Key points
  • Why it matters: Mars Cap Ltd is a key component in an international network feared responsible for billions of dollars of investor losses.
  • Background: The company was placed in interim liquidation in August on the application of Australian administrators trying to trace US$100 million.
  • Key players: Mars Cap Ltd, Ayers Alliance Financial Group, Probis Financial Services, City Credit Capital, STI Wealth, PwC, Hall Chadwick, CySec, William Kong, Clement Tung, Chapman Tripp.
NZ company Mars Cap the conduit for $4.7b from Taiwan
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