Former Auckland property developer Simon Lawrence Wood Turnbull (43) was arrested at Auckland International Airport on Wednesday on 38 Crimes Act charges and was remanded without plea when he appeared in the Auckland District Court.
The charges the Serious Fraud Office has laid against him are: 9 counts of dishonestly taking or using a document, 19 counts of obtaining by deception or causing loss by deception and 10 counts of using forged documents.
Mr Turnbull left New Zealand on a flight to Hong Kong on 24 March 2008 and didn’t return until Wednesday.
The downfall of one part of his business activities, relating to developments at Gulf Harbour, was captured in liquidation reports 7-8 years ago, but these charges relate to his alleged involvement in a $47 million mortgage fraud where false loan applications were submitted to a fund management company to buy 19 properties around Auckland, between September 2006-August 2007. Another Auckland property developer & investor, Malcolm Mayer, was sentenced to 6 years’ jail in February 2014 for his role.
An arrest warrant was issued for Mr Turnbull when he failed to appear at his first court date in November 2014.
Mr Turnbull was adjudicated bankrupt on 29 January 2009, on the application of Hong Kong Shanghai Banking Corp Ltd, and hasn’t been released from bankruptcy.
One of his ventures with a business partner, Der Rohe Holdings Ltd, developed 42 apartments at 9 Shaddock St, Eden Terrace, but was wound up in 2008. Other companies he was involved with included Acsonim Architecture Ltd, Acsonim Treasury Ltd, Central Property Management Ltd, Crash Palace Ltd, Fairway Mansions Ltd, Makeovers By Design Ltd, Onethree Holdings Ltd, San La Mere Holdings Ltd, Two Holdings Ltd, UND Investments Ltd, VHI Properties Ltd & Victoria Property Holdings Ltd.
18 February 2014: Propbd on Q T18Feb14 – Mayer jailed for 6 years, Precinct profit soars & waterfront deal looms
22 December 2013: Mayer guilty of $47 million fraud, sentencing February
Attribution: SFO release.