Island-owning millionaire defaults on $14m loan
A millionaire witness to the 1998 Sounds murder case, who for a time owned a private island, has defaulted on a $14.4 million loan.
The High Court in Auckland yesterday granted Heartland Building Society a summary judgment against Raymond Arnesen for the sum of $14.4 million.
Mr Arnesen
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Matt Nippert
Fri, 16 Sep 2011
Fri, 16 Sep 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Island-owning millionaire defaults on $14m loan
16928