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24 Apr 2024 18:01
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      Home > News > National

    Liquidators have been appointed for a Christchurch-based investment company - that's being investigated by the Serious Fraud Office

    Liquidators have been appointed for a Christchurch-based investment company - that's being investigated by the Serious Fraud Office


    Penrich Capital Limited - which manages the Penrich Global Macro Fund - went into liquidation last week.

    It came after the SFO announced it was looking into the Cayman Islands-based fund.

    McGrathNicol has been appointed as liquidators.

    Accountant Kare Johnstone says the fund's been frozen after serious irregularities were found - and Penrich's office has been closed.

    © 2024 Newstalk ZB, NZCity

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