News | Law and Order
18 Mar 2018 17:16
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
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Law and Order

    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.


    © 2018 NZN, NZCity

     Other Law and Order News
     18 Mar: Sam Burgess charged for cannonball tackle
     18 Mar: Man missing from Palmerston North
     18 Mar: Mistakes made in handling allegations: PM
     18 Mar: Sharia in Aceh: Patrolling the streets of Indonesia's most conservative province
     17 Mar: Hall wins Winter Paralympics gold for NZ
     17 Mar: Shopkeeper hit with hammer during robbery
     16 Mar: Cabinet to consider change to Crimes Act
     Top Stories

    Squire out for six weeks with injury More...

    Maori collective eye berries to boost jobs More...

     Today's News

    Why Japan's smoking laws are stuck 'in the last century' 16:45

    Evans fourth in Formula E Uruguary race 16:15

    Squire out for six weeks with injury 15:25

    Henare quits as Breakers coach 14:55

    Law and Order:
    Sam Burgess charged for cannonball tackle 14:05

    Reds win in Argentina for three in a row 13:45

    Melbourne double-ton a boost for Cook 13:45

    Law and Order:
    Man missing from Palmerston North 13:25

    Two killed in Amberley crash 12:25

    Super Rugby door closed on me: Guildford 11:55

     News Search

    Power Search

    © 2018 New Zealand City Ltd