Why did South Canterbury's receivers do the hotel deal?
South Canterbury Finance receivers are under pressure to reveal why they agreed to a sale of developer Terry Serepisos' Grand Mercure City Hotel, a deal that may cost the taxpayer large sums of money.
They are staying mum on whether they were aware a $4 million cash payment to Mr Serepisos
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Matt Nippert
Tue, 12 Jul 2011
Tue, 12 Jul 2011
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Why did South Canterbury's receivers do the hotel deal?
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