Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Bankrupt Auckland builder sentenced to prison


Bankrupt Auckland builder sentenced to prison for serious breaches of Insolvency Act

Bankrupt Auckland builder, Li Dong Xie, has been sentenced to three years and four months in prison for multiple breaches of the Insolvency Act.

"We are pleased with this sentence, which is reflective of the serious harm caused by Mr Xie's failure to meet his obligations as a bankrupt,” says Official Assignee Ross van der Schyff.

"This should send a strong message that such behaviour will not be tolerated, and those who attempt to game the system will see serious consequences."

You can find out more about Mr Xie's case in the linked release: Bankrupt Auckland builder squanders $1.5 million at casino

[ends]


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Up 0.5%: GDP Growth Eases Slightly

Gross domestic product (GDP) rose 0.5 percent in the March 2018 quarter, Stats NZ said today. This followed a 0.6 percent increase in the December 2017 quarter. Growth in service industries more than offset a fall in construction activity. More>>

ALSO:

Baby Formula: Fonterra Satisfied With Beingmate's Response To Error

Fonterra Cooperative Group is satisfied Beingmate Baby & Child Food is taking the right steps to deal with a labelling issue after getting caught out in a widespread audit by Chinese regulatory authorities. More>>

ALSO:

Adjusted, A Deficit: Current Account Turns To Surplus

New Zealand's current-account turned to a surplus in the first quarter, bolstered by the services balance as tourism remained strong. More>>

ALSO:

Housing: Foreign Buyer Ban Gets Smoother Edges

Amendments to the government’s foreign buyer ban, if introduced, would give overseas investors more leeway to put money into New Zealand housing developments. More>>

ALSO:

Te Kuha: Govt Declines Application To Mine Conservation Land

An application to mine coal on public conservation land near Te Kuha in the Buller District has been declined, Minister of Conservation Eugenie Sage and Minister of Energy Resources Megan Woods announced today. More>>

ALSO: