News | Law and Order
22 Nov 2017 14:48
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 > 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.


    NZN




    © 2017 NZN, NZCity


     Other Law and Order News
     22 Nov: Robert Mugabe: From political prisoner and freedom fighter to cartoonish modern dictator
     22 Nov: Taxi shooting accused remanded in custody
     22 Nov: Extradition case hinges on one word
     22 Nov: Woman's body discovered in Christchurch
     21 Nov: Man found 'alive' after alleged kidnapping
     21 Nov: Sacked ref takes legal action against NRL
     21 Nov: He said, he said in police kidnap trial
     Top Stories

    RUGBY RUGBY
    All Black Barrett leaps to his own defence More...


    BUSINESS BUSINESS
    West Coast coal mine gets council consent More...



     Today's News

    International:
    Zimbabwe's military is looking after its own interests — not democracy 14:27

    Entertainment:
    The 2017 Victoria's Secret Fashion Show had a huge "last minute" shake up to the running order 14:20

    Rugby League:
    England coach backs Kiwis to rebound 14:07

    Entertainment:
    Adriana Lima is planning to walk in her last Victoria's Secret Fashion Show in "two years" 13:50

    Business:
    West Coast coal mine gets council consent 13:47

    Accident and Emergency:
    Dargaville woman dies in London 13:27

    Entertainment:
    Olivier Rousteing was approached to team up with Victoria's Secret "a year ago" 13:20

    International:
    Sumo wrestling is embroiled in cover-up scandal after bar brawl 13:07

    Business:
    Annual migration lifts in October 13:07

    Law and Order:
    Robert Mugabe: From political prisoner and freedom fighter to cartoonish modern dictator 12:57


     News Search






    Power Search


    © 2017 New Zealand City Ltd