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NZF Money's receivers sue, allege insolvent transaction

Thursday 5th of April 2012

"The proceedings will be rigorously defended, says NZF Group chief executive Mark Thornton.

The receivers' action follows the Serious Fraud Office's announcement on March 22 that it is investigating NZF Group with a primary focus on alleged related party transactions going back to 2006.

Thornton says the receivers, Grant Graham and Brendon Gibson of KordaMentha, have advised they...

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