A further 23 entities linked to Canterbury investment firm Chance Voight have been ordered into liquidation, as a Financial Markets Authority (FMA) investigation into the group continues.
The High Court ordered the FMA’s application last Thursday, bringing dozens of companies and partnerships associated with the group under the same liquidation process.
The court found entities within the group that held bank accounts were insolvent and unable to pay their debts as they fell due.
It also ordered entities without bank accounts into liquidation, finding it was “artificial” to see them as separate from the wider Chance Voight group and that liquidation was justified.
FMA head of enforcement Margot Gatland said bringing the entities together…