Overseas investor fined $1.3m over meditation property purchases
The investor said his poor English meant he didn’t know OIO approval was needed.
Andrew Bevin
Wed, 16 Jun 2021
Hot Topic
Hawke’s Bay
An overseas investor has been stung for more than a million dollars for purchasing seven Northland properties without seeking Overseas Investment Office approval.
Northland businessman Seung Heun Lee, through his companies Double Pine Investment and Mediation Tour, purchased the properties
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Andrew Bevin
Wed, 16 Jun 2021
Contact the Writer: andrew@nbr.co.nz
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Overseas investor fined $1.3m over meditation property purchases
Property,
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