IRD gets $1.6m of Forestlands cash
Investors still waiting as FMA seeks liquidation of 18 Forestlands companies.
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There will be $1.6 million less cash for investors in the Forestlands group of companies after the High Court approved a claim by Inland Revenue for payment of tax due.
About 4400 investors have been waiting for more than a year for the proceeds of the sale of land and trees by the 18 companies
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Tim Hunter
Mon, 23 Apr 2018
Mon, 23 Apr 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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IRD gets $1.6m of Forestlands cash
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