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Du Val downfall: From champagne, private jets to receivership and $250m debt

Jane Phare
By
Senior journalist, NZ Herald·NZ Herald·
12 mins to read

It was a lifestyle of flashy opulence, glamour and wealth, until the money ran out. Jane Phare charts the downfall of the Du Val husband-and-wife property developers.

The residents of stately Victoria Ave would have been agog as they watched Kenyon and Charlotte Clarke’s House of Du Val begin to crumble. First, a humiliating, early-morning raid by officials from the Financial Markets Authority (FMA). Then police wearing bullet-proof vests arrived at their Remuera home, sidling past a late

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