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Law
3 mins to read
1

James Wallace loses $1.2m bid against builder

Judge says disgraced millionaire’s company ‘arguably caused’ the Podular Housing collapse, which left homeowners high and dry.

Disgraced businessman James Wallace.

Maria Slade Wed, 18 Oct 2023

A company owned by wealthy businessman and convicted sex offender James Wallace has failed in a bid to recover $1.2 million from the founder of a home building firm.

Wallace Corporation, 100% owned by James Wallace, sought summary judgment against Ilan Gross over loans to his company Podular Housing

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Maria Slade Wed, 18 Oct 2023
Contact the Writer: maria@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Tags
James Wallace building Housing liquidation Podular Housing Systems Jonathan Prasad Wallace Corporation
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