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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
6 mins to read

Rough rubies and a bankrupt auditor

‘Unusual’ assets back a New Zealand home-building guarantee product.

Tim Hunter Wed, 05 Aug 2020

The American Samoa-domiciled underwriter of a New Zealand builder’s guarantee product has filed accounts claiming its main asset is $US214 million of “natural rough rubies” delivered to its safekeeping.

The auditor of those accounts, a sole practitioner in Chicago, filed for personal

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Tim Hunter Wed, 05 Aug 2020
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Rough rubies and a bankrupt auditor
General Business,
84477
true