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

Millions in related party debt outstanding from taxpayer-backed fund

Property in Coromandel and Queenstown linked to Rich Lister's loans.

Tim Hunter
Fri, 18 Mar 2016

Related party loans from a taxpayer-backed Cayman Islands investment fund to interests associated with NBR Rich Lister George Kerr remain unpaid, latest financial statements show.

Accounts seen by NBR for the Torchlight Fund Limited Partnership, in which Crown Asset Management is understood to

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Tim Hunter
Fri, 18 Mar 2016
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Millions in related party debt outstanding from taxpayer-backed fund
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