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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
3 mins to read

US$100m ‘has just gone walkabout’

Court hears application to liquidate New Zealand company Mars Cap as administrators probe missing tax haven millions.

Administrators were told the money was sent to ‘liquidity providers’ in the Malaysian tax haven of Labuan.

Tim Hunter Fri, 29 Sep 2023

Australian administrators pursuing $188 million missing from a New Zealand company were at the High Court this morning seeking appointment as permanent liquidators to pursue their investigation.

The case follows the collapse of Australian online forex company Probis Financial Services in July and

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Tim Hunter Fri, 29 Sep 2023
Contact the Writer: thunter@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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US$100m ‘has just gone walkabout’
Law,
101067
true