The first liquidators report has been published after three more companies run by Jacks Point property developer Dean Franklin went into liquidation with IRD tax debts of $2.1 million and loans owed by related parties of over $8 million.
Falconer Corporate Ltd, Founder Corporate Ltd and S R Corporate Ltd all entered liquidation on June 24, 2025 following a legal petition from the IRD. On the following day, June 25, 2025, Formcrete Construction Ltd also went into liquidation with debts of $7.5 million.
The liquidators of the three additional companies, PWC, say that the companies were all formed in 2018 with Dean Franklin as the sole director and shareholder.
“We have been advised that the reasons contributing to…