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Du Val Group placed into statutory management

Author
Newstalk ZB,
Publish Date
Thu, 22 Aug 2024, 7:54pm
Kenyon Clarke, of Du Val Group, and his wife and group CEO Charlotte Clarke, who led a jet-setting lifestyle. The Financial Markets Authority and now the Government has moved against them and their businesses.
Kenyon Clarke, of Du Val Group, and his wife and group CEO Charlotte Clarke, who led a jet-setting lifestyle. The Financial Markets Authority and now the Government has moved against them and their businesses.

Du Val Group placed into statutory management

Author
Newstalk ZB,
Publish Date
Thu, 22 Aug 2024, 7:54pm

The Government has moved on Auckland apartment developer Du Val Group, taking the rare step of placing it in statutory management.

The move follows the group of companies being placed in interim receivership on August 2 after an application by the Financial Markets Authority.

NZ Herald property editor Anne Gibson says investigations are still ongoing.

"We don't really know what's going on here - we know that it is complex and serious." 

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