A vanished boat is the least of it
Receivers BDO are hunting for a Ramco Ultimate 9000 boat and trailer worth roughly $200,000, the only vessel of its model in New Zealand, that went missing after the collapse of TW Group Holdings, TW Civil and RMS Contracting (Wellington). Police and private investigators have been engaged. Insurance claims for the missing assets have been rejected by insurers because of the circumstances under which they disappeared.
BDO’s Andrew McKay and Rees Logan say directors Fred Witton and Ross Troughton have provided no satisfactory response on the boat’s whereabouts. Witton told Stuff: “We’re definitely not to blame. They were all in control of the receivers by the time we…