Du Val case: the whistleblower, suppression and a trainwreck
The market regulator’s case against the failed townhouse developer and its founders has already dragged on for more than 10 months, with no charges in sight.
What's at stake: A High Court judge has reserved her decision on the FMA's application to keep several Du Val entities and its founders in receivership, aiming to protect the interests of the investors, shareholders and others.
Background: While details of the FMA investigation remain under wraps, much of its case rests on information received from a whistleblower.
Main players:Du Val Group, Kenyon and Charlotte Clarke, Ron Mansfield, Jenny Cooper, KC, FMA, PwC.
The hearing to decide whether orders made last August allowing the Financial Markets Authority to seize the assets of Du Val founders Charlotte and Kenyon Clarke ended on Wednesday with Justice Jane Anderson reserving her judgment.
The FMA has applied to keep eight entities not subject to statutory
What's at stake: A High Court judge has reserved her decision on the FMA's application to keep several Du Val entities and its founders in receivership, aiming to protect the interests of the investors, shareholders and others.
Background: While details of the FMA investigation remain under wraps, much of its case rests on information received from a whistleblower.
Main players:Du Val Group, Kenyon and Charlotte Clarke, Ron Mansfield, Jenny Cooper, KC, FMA, PwC.
