INDEPENDENT NEWS

Bankrupt Auckland builder sentenced to prison

Published: Thu 14 Jun 2018 02:01 PM
Bankrupt Auckland builder sentenced to prison for serious breaches of Insolvency Act
Bankrupt Auckland builder, Li Dong Xie, has been sentenced to three years and four months in prison for multiple breaches of the Insolvency Act.
"We are pleased with this sentence, which is reflective of the serious harm caused by Mr Xie's failure to meet his obligations as a bankrupt,” says Official Assignee Ross van der Schyff.
"This should send a strong message that such behaviour will not be tolerated, and those who attempt to game the system will see serious consequences."
You can find out more about Mr Xie's case in the linked release: Bankrupt Auckland builder squanders $1.5 million at casino
[ends]

Next in Business, Science, and Tech

Crown accounts show strong economic fundamentals
By: New Zealand Government
Official Cash Rate unchanged at 1.5 percent
By: Reserve Bank
NZ economy loses momentum, risks tilted to downside - IMF
By: BusinessDesk
New pilot enables NZSA to track satellites launched from NZ
By: NZSA
NZ's living standards framework positive but has gaps
By: BusinessDesk
Safer banks and strengthened bank accountability
By: New Zealand Government
Financial Statements of the Government
By: New Zealand Treasury
Banks, insurers should expect more intrusive RBNZ - Bascand
By: BusinessDesk
The RBNZ is renewing its approach to financial stability
By: Reserve Bank
IMF favours gradual bank capital hike
By: BusinessDesk
New Zealand: Staff Concluding Statement of Art IV Mission
By: International Monetary Fund
IMF confirms NZ economy slowing
By: New Zealand National Party
Egg Industry introduces first industry-led trace program
By: Egg Producers Federation
OECD joins KiwiBuild critics as 'reset' looms
By: BusinessDesk
Global trade crisis 'bad news' for open economies like NZ
By: BusinessDesk
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media