A Christchurch takeaway and restaurant business with sushi outlets under the Hachi Hachi brand has folded owing staff holiday pay and a hefty tax bill.
The seven companies owned by Hachi Hachi founders and directors Titi Khemarangsan and Bundit Kijpalakorn were placed in voluntary liquidation on March 25.
Initial liquidator reports for the businesses amounted collectively to a total estimated shortfall of $2.54 million, including $1.37m owed to Inland Revenue in income tax for employees’ wages (PAYE) and goods and service tax.
This included nearly $130,000 in holiday pay owed to out-of-pocket staff.
The liquidator noted Inland Revenue had begun recovery action, the directors placing the companies in voluntary liquidation after…
