Du Val on the hook for $306m, statutory managers say
PwC say ongoing funding, interest and fees have upped the ante for the failed property developer by $68.8m, while its fees have come in at $1.6m so far.
The FMA and police raided the home of the Clarkes and their Hamilton lawyer on August 2 last year.
Du Val Group's statutory managers say the failed Auckland townhouse developer owes $306.4 million across its creditors and investors, up $68.8m on earlier estimates.
The bulk of that is $224.8m owed to its secured creditors and lenders, up from an estimated $170.7m, with investors across the group's
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