A business manager has been convicted for falsely representing a series of multimillion-dollar bank payments for the deposit for an Auckland property development.
Peng Pian, 38, pleaded guilty this morning in the High Court to three charges of obtaining by deception from December 2015 against a wealthy international business investor considering real estate investments in New Zealand.
The fraud involved a false representation that a $4.4m deposit was required to purchase property at 133 Clark Rd, Scott Point, Hobsonville.
A Crown charge notice released to the Herald shows that $2.1m was paid to a bank account by way of two payments of $1.62m and $480,000 upon the deception.