Accountant jailed for defrauding $1 million

Supplied Content Auckland, May 13, 2020 A former chartered accountant has been sentenced to three years and nine months’ imprisonment for stealing approximately $1.01 million from his clients. Christopher George Wright (64) misappropriated refunds from his clients on whose behalf he filed tax returns and received refunds. The tax refunds intended for Mr Wright’s clients were deposited in his accounting…

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Non-Bank development finance in post Covid-19 environment

Auckland, May 13, 2020 The Covid-19 outbreak will continue to cause significant adverse economic effects that will almost inevitably impair borrowers’ abilities to obtain and service mortgages and other financing. And unlike the mainstream banks, which can access new New Zealand  Reserve Bank liquidity and funding support, non-bank lenders have limited tools to combat economic shocks. Billion dollar initiatives to…

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