A Canterbury investment company appears to have used investors’ money to fund personal interests of its director and his family members, while investors face a “substantial shortfall”, according to an interim liquidators report.
In December 2025, the Financial Markets Authority sought the liquidation of Rangiora-based Chance Voight Investment Corporation Limited (CVICL), and five of its main subsidiaries.
The interim liquidators report by PwC was released on Wednesday after the High Court in Christchurch lifted suppression.
The report which was dated 26 January recommended the High Court place the companies into liquidation.
PwC said investor funds totalled about $54.2 million as at 10 December 2025 (when the interim…