Senior Trust Capital begins long wind-up
Under investigation by the FMA, the lender ceases operations and moves to realise its loan book.
The Orewa Sands development, 73% owned by Senior Trust Capital, is insolvent, according to financial statements..
Investors in Senior Trust Capital, under investigation by the Financial Markets Authority, may have to wait 10 years to get their money back as the troubled lender begins to wind up its operations.
On July 4, the FMA confirmed that its investigation into Senior Trust Capital, opened in November, was
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