Jetsetting businessman Eric Watson, the co-founder of failed Hanover Finance, is in the sights of the Securities Commission and a lawyer representing desperate investors after the assets of co-founder Mark Hotchin were frozen this week.
Interests closely associated with Mark Hotchin still control an opulent $9.8m Waiheke Island beachhead.
The swirl of official investigations surrounding failed finance company Rockforte is growing, with the Serious Fraud Office confirming a probe that will almost certainly shed light on the failure of the Jean Jones clothing chain.
The Serious Fraud Office has laid charges against two directors of collapsed finance company Capital + Merchant.
All the moaning about the Securities Commission being a bunch of useless layabouts has finally paid off with the release of this truly depressing communiqué.
The last surviving business of Mark Bryers' failed Blue Chip group has fallen into the red.
The directors of collapsed Dominion Finance and North South Finance have entered not guilty pleas in the Auckland District Court to charges they misled investors.
"Mistakes have been made which the board and management acknowledge," Alloway told shareholders.
The directors of failed company Hanover Finance are to face questions as part of a Serious Fraud Office probe, the office confirmed yesterday.
Hanover Finance has called in the lawyers to pursue Allied Farmers over allegedly attempting to "evade various contractual obligations to Hanover."