BusinessDesk explains how the Du Val property group run by Kenyon and Charlotte Clarke was put under statutory management. Video / NZME
Insurance policy and valuation details found at the home of Du Val founders Charlotte and Kenyon Clarke indicated nine valuable jewellery items had yet to be located, receivers PwC told the High Court in December.
Details of the December 18 hearing can now be made public as suppression orders havelapsed, although further information about the individual jewellery pieces remained under wraps.
Seventy Du Val property development group entities are in statutory management, owing an estimated $240 million, while the Clarkes, their trusts, and four other companies are in receivership.
This follows the regulator, the Financial Markets Authority (FMA), gaining freezing orders over the couple’s and the group’s assets last year.
