News | Maori
21 Nov 2017 10:19
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Olympic Games
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Maori

    Pair charged over Maori trust money

    A brother and sister have been charged with theft after more than $1 million was transferred from a trust managing a block of Maori land in Northland.


    A brother and sister have been charged over an alleged million-dollar fraud relating to a Northland forestry block of Maori land.

    Stephen Henare, 60, and Margaret Dixon, 59, face a total of 11 charges between them of theft by a person in a special relationship.

    The counts related to their roles as trustees for the Parengarenga 3G Trust.

    Henare appeared in the Auckland District Court on Thursday and was remanded on bail. Dixon failed to appear.

    The pair are next due back in court on November 21.

    Parengarenga 3G is a 511.83ha block in Taitokerau District and is managed by the Parengarenga 3G Trust.

    The Serious Fraud Office says the defendants and five others were appointed as trustees, in place of the Maori Trustee, in June 2012.

    Two months later, about $1.1 million, intended primarily for the management of the land and the forest for the benefit of the owners, was transferred from the Maori Trustee to the trust's bank accounts.

    The trust obtained a further $54,480 from the sale of carbon credits.

    The SFO alleges that, between August 2012 and January 2014, a series of unauthorised payments were made from the trust's bank accounts to the defendants, leaving debts due for the care of the forest unpaid.

    By January 2014, there was only $13.41 left of the funds.

    The SFO alleges that Henare, with Dixon's involvement, intentionally failed to deal with $934,270.30 of the trust's funds in accordance with the trust order.

    Significant sums of money were transferred into various other bank accounts, including their personal accounts and those of their respective family trusts.

    The SFO further alleges that Henare, without Dixon's involvement, intentionally failed to deal with an additional $149,627 in accordance with the trust order.


    NZN




    © 2017 NZN, NZCity


     Other Maori News
     18 Nov: Ardern outlines post-settlement era
     18 Nov: Staggering fall in youth, Maori smokers
     15 Nov: Acting PM answers questions in Maori
     31 Oct: Exhibition gets celebrity thumbs up
     23 Oct: New-look Maori All Blacks named for tour
     01 Oct: Fireworks show moved for Matariki
     29 Sep: Rua Tipoki pleads guilty to assault
     Top Stories

    RUGBY RUGBY
    All Blacks as dangerous as ever: Gatland More...


    BUSINESS BUSINESS
    AI won't hurt graduate jobs: Chapman Tripp More...



     Today's News

    International:
    Charles Manson: How the notorious cult leader brought an abrupt end to the 60s 10:17

    Rugby:
    All Blacks as dangerous as ever: Gatland 10:07

    Entertainment:
    Aston Merrygold moved his girlfriend into his house without telling her 9:50

    Business:
    AI won't hurt graduate jobs: Chapman Tripp 9:27

    Entertainment:
    Margot Robbie is “proud” to be a woman following the “supportive” response in the wake of the sexual harassment allegations against Harvey Weinstein 9:20

    Motoring:
    Kabul to Calais: A 13-year-old's dangerous attempt to reach a new life in London 9:17

    Accident and Emergency:
    Fisherman missing near Tauranga 9:17

    International:
    Charles Manson, the cult mastermind who brainwashed hippie youth to kill 9:07

    Entertainment:
    Justin Bieber and Selena Gomez are reportedly “exclusive” 8:50

    Sailing:
    Next America's Cup boat concept released 8:27


     News Search






    Power Search


    © 2017 New Zealand City Ltd