August 07, 2019
Love shack proceeds to go to Tenths
The High Court has ordered the forfeiture of a Plimmerton house purchased with funds fraudulently obtained from the Wellington Tenths Trust by its former chair the late Sir Ngatata Love and his partner Lorraine Skiffington.
In 2016 Sir Ngatata was convicted and imprisoned for diverting $1.5million from a property development for his and Ms Skiffington’s own personal gain and sentenced to two and half years imprisonment.
The charges against Ms Skiffington were stayed due to illness and she has since died.
Detective Senior Sergeant Brent Murray of the central asset recovery unit says the property was sold last year to protect as much equity as possible, as mortgage arrears occurred attracting significant penalty fees.
Now the forfeiture has been confirmed, an agreement has been reached to return proceeds of the sale to the victim of the fraud, the Tenths Trust, which represents descendants of Wellington's original Te Ātiawa, Ngāti Tama and Taranaki landowners.
Copyright © 2019, UMA Broadcasting Ltd: www.waateanews.com