Jingji (Ronnie) Xue and the formerly NZX-listed dairy trader have been ordered to pay penalties of $875,000 and $175,000, respectively.
Cabinet briefing paper on statutory management stressed urgency as creditors were set to move on the troubled development firm.
Claim filed in 2020 alleged the education group’s collapse followed false and misleading statements in its IPO prospectus.
Former employee vows to keep on fighting as Genuine NZ owner operates under new company.
PwC’s first statutory managers’ report has been released.
Police defer to the FMA, which denies knowledge of what was seized, even as it progresses its ‘active investigation’.
Kloogh was in 2020 charged with defrauding investors of at least $15.7 million in a Ponzi scheme.
Two construction companies and two directors were last December accused of bid rigging of publicly funded construction contracts.
Majority decision means Beca could also be liable in BNZ damaged building case against Wellington City Council.
The Financial Markets Authority has filed criminal proceedings for trading between July 2020 and February 2021.