Scoop has an Ethical Paywall
May Wang pleads guilty to Companies Act charge
May Wang pleads guilty to Companies Act charge
May Wang has today pleaded guilty to leaving New Zealand with the intention of avoiding examination into the affairs of Dynasty Group Limited, currently in liquidation.
Ms Wang was fined $5400 plus court costs of $132.89 in Auckland District Court.
The charge, laid by the Ministry of Economic Development’s National Enforcement Unit, was pursuant to section 273 of the Companies Act. Ms Wang was scheduled to appear at a defended hearing on Monday, 28 May, but today pled guilty to the charge.
Two charges relating to the company’s books and records and failing to provide information to the liquidator were withdrawn.
ENDS
Advertisement - scroll to continue reading
Financial Markets Authority: FMA Seeks Clarity From High Court On Use Of Eligible Investor Certificates In Wholesale Investment Sector
Scion: Scion’s Novel Internship Model Connects Talent With Industry
Financial Markets Authority: Westpac Admits To Misleading Representations That Resulted In $6.35m In Overcharges
Bill Bennett: Download Weekly - Review Of 2024
Bill Bennett: One NZ scores worldwide first as Starlink direct-to-mobile launches
Hugh Grant: How To Reduce Network Bottlenecks
