Controversial property developer Dean Franklin’s Formcrete Construction Ltd has gone into liquidation owing $7.5 million in spite of a Jack’s Point email to residents yesterday claiming the move was just “a strategic clean up.”
Creditors included in today’s first liquidators report include the IRD (owed $2.449 million in GST and PAYE) and over $250,000 to local suppliers including Todd Walker Law, Windsor Doors in Cromwell, Queenstown Scaffolding, Brazier Scaffolding,…