The liquidators said they had nevertheless served demand letters on Culham seeking recovery of the amount alleged to have been misappropriated, and would “pursue all available legal remedies”.
Obelisk’s sole shareholder is listed as Kara Culham, who shares an address with Steven Culham in Auckland’s Swanson, according to the Companies Office.
Obelisk is said to have operated a fabrication plant in Ruakākā and other premises in Henderson.
The liquidators’ report said limited recoveries had been made to date, with distributions made to secured creditor BNZ ($1m), and to staff owed wages ($0.3m).
The report said $9m in creditors’ claims remained outstanding. BNZ is still owed $4.5m, Kiwibank $0.3m, employees $0.2m, Inland Revenue…