Receivers have been appointed to a company run by the fishing contest promoter who initially denied awarding a lucrative prize after insisting the winner took a polygraph test.
According to Companies Office filings, Prestige Events, which is directed and majority owned by David Baty and runs the upcoming Auckland Snapper Challenge, was this morning placed into receivership over unpaid debts due to an invoice funding firm.
Receiver Damien Grant of Waterstone Insolvency confirmed his appointment but said he needed more time to give an assessment of the company's state.
Prestige, the organiser of the upcoming Auckland Snapper Challenge, is directed and majority-owned by David Baty. Baty told the Herald receivership was "ridiculous" and was over an $1800 debt he disputed, but conceded he'd missed warning signs and would now have to engage a lawyer to exit receivership.
"There's an email in there, which last week I missed, which said we're threatening you with receivership. I've paid the $1800 to him today, and got to take it to the Small Claims Tribunal and dispute it. The law's an arse," he said.