Forestlands accounts ‘needed to be restated’
Accountant hints at reasons for reporting delays as $18 million lies in limbo.
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Hawke’s Bay
Long overdue accounts from Motueka-based Forestlands, under investigation by the Financial Markets Authority, were delayed by a need to restate asset values, the company’s accountant says.
The FMA in March demanded $18 million in cash from the sale of 2562ha of Forestlands’ forests be held in
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Tim Hunter
Fri, 19 May 2017
Fri, 19 May 2017
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Forestlands accounts ‘needed to be restated’
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