News | Maori
24 Apr 2018 20:21
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • 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




    © 2018 NZN, NZCity


     Other Maori News
     20 Apr: Young Maori fight mega-prison at UN forum
     18 Apr: Youth offending more than halved: report
     15 Apr: Maori canoe bailer fetches surprise price
     05 Apr: Waitangi Tribunal sidelined: UN
     29 Mar: Thriving Maori key to boosting economy
     27 Mar: Mayors call for end of Maori ward poll law
     18 Mar: Maori collective eye berries to boost jobs
     Top Stories

    RUGBY RUGBY
    Black Ferns, All Blacks in double header More...


    BUSINESS BUSINESS
    NZ shares mixed ahead of Anzac Day holiday More...



     Today's News

    Entertainment:
    Ewan McGregor's young daughter has posed completely nude for Playboy magazine 19:53

    Rugby League:
    Manly players fined over strip club visit 19:46

    Entertainment:
    Sinitta will "dish the dirt" on her ex-boyfriend Simon Cowell in her juicy tell-all book 19:23

    Business:
    NZ shares mixed ahead of Anzac Day holiday 18:56

    Entertainment:
    Michelle Keegan won't let her husband Mark Wright spend more than three weeks away from her 18:53

    Law and Order:
    Man found dead in Whanganui named 18:36

    Entertainment:
    Katie Price was forced to pull out of the London Marathon on Sunday (22.04.18) 18:23

    International:
    Young ni-Vanuatu surfer attracts attention after wowing competition with duct-taped board 18:16

    Basketball:
    Bogut sold on Kings' grand NBL vision 18:06

    Entertainment:
    Verne Troyer threatened to take his own life just weeks before his death 17:53


     News Search






    Power Search


    © 2018 New Zealand City Ltd