Olivado administrators suspect stock was diverted offshore
The administrators informed creditors of their suspicions at a meeting last week.
The administrators of food oil company Olivado suspect the company’s downfall was caused by the diversion of funds and stock to an offshore entity.
NZX-listed horticulture firm Seeka appointed Blacklock Rose’s Benjamin Francis and Garry Whimp as administrators on January 23, as it chases an
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