Fonterra's impact on farm values, SFO suspect sues and Kiwi currency rise
Suspect in alleged $9.2 million mortgage fraud heads lawsuit against international gold trading enterprise.
Today's National Business Review reveals how the bumper Fonterra share price is forcing the country's corporate dairy farmers to consider writing down the value of their land and buildings.
It also discloses how an Auckland businesswoman suspected of being involved in a $9.2 million mortgage fraud also heads a lawsuit against an international gold trading enterprise and two individuals.
Eli Devoy – with six friends and family members – has been charged by the Serious Fraud Office over a scheme which allegedly misled various New Zealand banks into approving mortgage applications.
Elsewhere in the paper, the Overseas Investment Office is defending its decision not to contact Chinese authorities over the involvement of two Chinese companies in the 2008 melamine scandal.
In other news, economics editor Rob Hosking details how the New Zealand currency rise versus the Australian is not just a dairy story.
Media reporter Victoria Young outlines new technology which will allow retailers to know when its loyal consumers are in-store.
Telecom chairman Mark Verbiest talks corporate governance in Lunch In The Boardroom.
NBR Property details how a prominent Queenstown property subject of a mortgagee sale is associated with Auckland developer Chris Cook.
Also in today's print edition:
- Shoeshine ponders why there is a sudden focus on settlements against the trustees, auditors and directors of collapsed finance companies.
- Nathan Smith warns the world's fastest-growing region to watch where it treads.
- Margin Call traverses Acurity Health Group's trend-bucking profit decline.
NBR Online staff
Fri, 31 May 2013
Fri, 31 May 2013
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Fonterra's impact on farm values, SFO suspect sues and Kiwi currency rise
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