Billionaire Graeme Hart extended two mortgages to the twice-bankrupted owner of failed Auckland residential property developer, Buildform.
Hart, one of New Zealand’s richest people, also put caveats on six Buildform properties, two of which remain in place.
David Paul Williams, the sole director and shareholder of Buildform, placed the company in liquidation on March 12.

Liquidators BDO say unsecured creditors owed $2.37 million are unlikely to see anything.