After the Herald sent questions, Wallace pulled personal profiles and for-sale listings by Prakash, Prasad and a third staff member from its website.
Wallace Real Estate chief executive Luke Nutting said he took the tax authorities’ allegations “extremely seriously” and was “disappointed” to only recently learn the “severity of the situation”.
“Staff recently hired by our business who have been implicated in the IRD’s ongoing investigation are no longer working at Wallace Real Estate,” he said.
“As soon as Wallace Real Estate learned of the seriousness of the allegations, we acted swiftly and decisively.”
Prakash and Prasad had previously used Hills Real Estate to advertise homes they were buying and selling as…