The Financial Markets Authority said yesterday it had filed civil proceedings against Prince & Partners Trustee Co Ltd as trustee for collapsed finance company Viaduct Capital Ltd.
4 units sell under hammer at City Sales – Both apartments passed in at Bayleys – 2 NZ Post buildings sell at auction – Traders swoop on damaged Connaught unit – FMA files civil claim against Prince as Viaduct trustee
Nearly 3 years after the Serious Fraud Office abandoned its investigation of Viaduct Capital Ltd & Mutual Finance Ltd (now Ex-MFL Ltd), the Financial Markets Authority has filed criminal charges against 5 directors or former directors of the 2 companies and another person who has sought name suppression.
Published 22 April 2009 Treasury gave notice on Monday that it’s withdrawing the Crown retail deposit guarantee from Viaduct Capital Ltd, headed by Nic Wevers. The Treasury notice said it was withdrawing the guarantee for all new deposits because it “reasonably considers that the business or affairs of Viaduct are being, or are intended […]
Published 6 March 2009 Property investor Nic Wevers has bought a small Christchurch finance company and issued a prospectus seeking $50 million in debenture money, with the aim of lending on property & business. Mr Wevers, with fellow director Bruce McKay, has bought Noel & Kent Gillman’s Priority Finance Ltd and renamed it Viaduct […]