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5 Jun 2020 17:35
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  •   Home > News > National

    An Auckland company owned by property investment guru Ron Hoy Fong has been ordered to pay 400 thousand dollars

    An Auckland company owned by property investment guru Ron Hoy Fong has been ordered to pay 400 thousand dollars


    Ronovation Limited gave people guidance on the residential real estate market - but has admitted to price fixing in the High Court at Auckland.

    In 2011, Hoy Fong developed rules to keep his clients from competing against each other.

    Justice Sarah Katz says Ronovation's rules were deliberately anti-competitive and designed to suppress competition to the detriment of vendors.

    © 2020 Newstalk ZB, NZCity


     Other National News
     05 Jun: Luna Rossa skipper Max Sirena is more than happy being the last challenger to arrive in Auckland ahead of the America's Cup
     05 Jun: Plenty of interest in Canterbury Cricket's men's head coaching role
     05 Jun: Police are urging drivers to take care on the roads as Canterbury dips into winter his weekend
     05 Jun: Luna Rossa skipper Max Sirena has essentially accused rival America's Cup challengers INEOS Team UK and American Magic of whinging to the Government over chasing visas for their team members
     05 Jun: A man will stand trial accused of murdering a Christchurch woman on New Year's Eve
     05 Jun: New National leader Todd Muller is in Queenstown today - following on from wooing Christchurch business owners yesterday
     05 Jun: Police have seized drugs and a gun after property searches in Lower Hutt
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     Today's News

    Sailing:
    Luna Rossa skipper Max Sirena is more than happy being the last challenger to arrive in Auckland ahead of the America's Cup 17:27

    Entertainment:
    Cole Sprouse was arrested during a "peaceful" Black Lives Matter protest 17:15

    Motoring:
    A long awaited 10 million dollar roading project in Albany has kicked off 16:57

    Cricket:
    Plenty of interest in Canterbury Cricket's men's head coaching role 16:47

    Entertainment:
    Adele has insisted "racism is alive and well everywhere" as she condemned "police violence" following the death of George Floyd 16:45

    Politics:
    How did Malaysia's Mahathir go from prime minister to being kicked out of his party in a matter of months? 16:27

    International:
    How did The Lancet's now-retracted study on hydroxychloroquine make it through peer review? 16:17

    Entertainment:
    Leigh-Anne Pinnock's fiance Andre Gray proposed with a personalised film set up on an outdoor cinema 16:15

    Entertainment:
    Ellen DeGeneres is "so sad" and "so angry" following the death of George Floyd 15:45

    Sailing:
    Luna Rossa will try to emulate Team New Zealand by making a dash and grab raid on the America's Cup 15:27


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