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Maria Slade: BusinessDesk reporter on the release of the receiver's report into Du Val group
Manage episode 438252726 series 2882353
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
PwC has identified accounting irregularities, complexities and a lack of auditing at failed Auckland property development group, Du Val.
This first receiver's report says one area of concern is related-party transactions.
BusinessDesk reporter Maria Slade says PwC has identified a $15 million intellectual property transaction between a trust belonging to founders Kenyon and Charlotte Clarke - and another entity.
"It was a loan, and apparently there's no accounting records or anything to show where the funds came from. The loan is now $5 million - where did that other $10 million go and what was it for? Nobody knows."
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7457 episodes
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Manage episode 438252726 series 2882353
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
PwC has identified accounting irregularities, complexities and a lack of auditing at failed Auckland property development group, Du Val.
This first receiver's report says one area of concern is related-party transactions.
BusinessDesk reporter Maria Slade says PwC has identified a $15 million intellectual property transaction between a trust belonging to founders Kenyon and Charlotte Clarke - and another entity.
"It was a loan, and apparently there's no accounting records or anything to show where the funds came from. The loan is now $5 million - where did that other $10 million go and what was it for? Nobody knows."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
7457 episodes
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Similar to Heather du Plessis-Allan Drive
Our weekly podcast from Politics Home discussing all the ups and downs in Westminster. Please subscribe and share - and keep up with all the latest news on PoliticsHome.com. Got a question for the team? news@politicshome.com.
…
continue reading
Weekly wrap of events of the week peppered with context, commentary and opinion by a superstar panel. Click here to support Newslaundry: http://bit.ly/paytokeepnewsfree Hosted on Acast. See acast.com/privacy for more information.
…
continue reading
Diane Rehm’s weekly podcast features newsmakers, writers, artists and thinkers on the issues she cares about most: what’s going on in Washington, ideas that inform, and the latest on living well as we live longer.
…
continue reading
Podcast by Chapo Trap House
…
continue reading
Hosted by former Marvel entertainment lawyer Paul Sarker and entertainment enthusiast Mesh Lakhani, Better Call Paul will delve into the business and legal issues at play behind the glitz and glam. This show takes you beyond the catchy headlines to find out what’s really at play behind the scenes and gives you an introduction to the business side of show business.
…
continue reading
America is divided, and it always has been. We're going back to the moment when that split turned into war. This is Uncivil: Gimlet Media's new history podcast, hosted by journalists Jack Hitt and Chenjerai Kumanyika. We ransack the official version of the Civil War, and take on the history you grew up with. We bring you untold stories about covert operations, corruption, resistance, mutiny, counterfeiting, antebellum drones, and so much more. And we connect these forgotten struggles to the ...
…
continue reading
Erin Burnet OutFront: Out in the field. In front of the headlines. A courageous and unconventional nightly news program.
…
continue reading
The day's biggest news dissected by the day's newsmakers. Diverse opinions from across the political spectrum. The show that makes you decide, are you the Left, Right or the Centre?
…
continue reading
The UK Column is an independent news organisation analysing the information war.
…
continue reading
Host Marco Werman and his team of producers bring you the world's most interesting stories that remind us just how small our planet really is.
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