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

US bank pursues hidden millions to New Zealand

Assets squirrelled away in NZ trust, then shifted to Cook Islands

Dita De Boni Fri, 13 Mar 2020

Three years after the Paradise Papers named Singapore-based trust specialist AsiaCiti as helping clients stash funds of questionable provenance in opaque South Pacific trusts – including in New Zealand – the firm is defending itself against a similar allegation in the Auckland High Court.

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Dita De Boni Fri, 13 Mar 2020
Contact the Writer: dita@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
foreign trusts Asiaciti Cook Islands Graeme Briggs AsiaTrust
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