New documents released to NBR under the Official Information Act indicate the scale of the overstatements that occurred in the group's books prior to its collapse.
Failed wine group Sacred Hill overstated its inventory by close to $30m in one of the years leading up to its collapse.
Details of the overstatement were revealed in a letter the Ministry of Business, Innovation and Employment sent in April 2025 to former director Richard Foddy, informing him of the
