SPCS

SOCIETY FOR PROMOTION OF COMMUNITY STANDARDS INC.

Dave Henderson’s loan and payment emails probed in High Court examination

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Property developer Dave Henderson says emails purporting to show he controlled a bank account and raised loans while a bankrupt do not show the true picture.

Henderson, 60, is under public examination in the High Court in Christchurch before Associate Judge Rob Osborne to decide if he can be discharged from bankruptcy.

He was adjudicated bankrupt in November 2010, with self-acknowledged debts of about $142 million.

The Official Assignee (OA) objects to his discharge and alleges he controlled payments from a bank account in the name of AFB Treasury Ltd and was the key figure in business dealings in breach of his obligations as a bankrupt.

Full story by Martin Van Beynen dated 7/08/15

http://www.stuff.co.nz/business/industries/70887765/dave-hendersons-loan-and-payment-emails-probed

http://www.stuff.co.nz/the-press/news/70928399/henderson-needs-60000-to-70000-a-year-for-lifestyle

‘Shambolic’ Companies Office worsens pain for ripped-off consumers, lobbists say

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A business can pretend its director lives in a toy library or MP’s office because the government’s companies watchdog lacks teeth, a lobby group says.

The Society for Promotion of Community Standards made a formal complaint to the Companies Office on Monday in the wake of a Dominion Post report on on Masterton photographer Jade Cvetkov  [link below] paying for a camera lens which never arrived, losing more than $3000 to camera accessory importer Pro1Digital Ltd.

“This story highlights the shambolic situation with Companies Office records,” said the Society’s executive director David Lane. [Read more…]

Dave Henderson tax compliance ‘abject failure’

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A court probe into bankrupt Dave Henderson has returned to $1.7 million of GST outstanding on the 2008 sale of properties to the Christchurch City Council.

The council bought five central city properties from Henderson entities for $17m, in a deal described as a “bailout” by critics.

Henderson, 60, is under public examination in the High Court in Christchurch before Associate Judge Rob Osborne to decide if he can be discharged from bankruptcy.

Henderson was adjudicated bankrupt in November 2010 with self-acknowledged debts of about $142 million.

He was due to be automatically discharged from bankruptcy in January last year but the discharge was opposed by the Official Assignee. The businessman was also bankrupted in 1996.

Full story by Martin Van Beynen published 4/08/15

http://www.stuff.co.nz/the-press/business/70829347/henderson-tax-compliance-abject-failure

Dave Henderson seeks bankruptcy discharge: Official Assignee objects in public examination

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Dave Henderson‘s business career is under scrutiny in an inquisition in the High Court in Christchurch.

Christchurch businessman Dave Henderson says payments to his credit card worth $91,000 while he was bankrupt were loans or gifts from a trust and not income.

Henderson, 60, is under public examination in the High Court in Christchurch before Associate Judge Rob Osborne to decide if he can be discharged from bankruptcy.

Henderson was adjudicated bankrupt in November 2010, with self-acknowledged debts of about $142 million.

The Official Assignee (OA) objects to his discharge and alleges he has not disclosed income and not co-operated with the OA during the bankruptcy. [Read more…]

Judge blasts Fonterra for putting productivity ahead of the environment

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An Environment Court judge has criticised Fonterra for putting productivity ahead of the environment and said its failure to lead by example is not helping the industry…. “Fonterra should be an industry leader, not a laggard, in regard to the adoption of appropriate technology to avoid environmental effects.”

The comments by Judge Jeff Smith are included in sentencing notes published on Tuesday in relation to offending by Fonterra between September last year and April.

The co-operative was fined $174,150 after pleading guilty to six charges related to its Edgecumbe plant near Whakatane, in a prosecution brought by Bay of Plenty Regional Council. Four convictions related to wastewater discharges from the plant entering waterways and groundwater through an irrigation system……

Fonterra managing director of global operations Robert Spurway said the co-operative was sorry…. [Read more…]