KordaMentha has taken over as receiver of Equitable Mortgages after a conflict of interest arose with Deloitte. Equitable Mortgages had around 6000 depositors and some $190 million in deposits. Approximately $178 million of these deposits are covered by the extended Crown Retail Deposit Guarantee Scheme. Yesterday a statement on the Deloitte website said continuing as the receiver of Equitable Mortgages might give rise to audit independence issues for Deloitte.
AdvertisementAdvertise with NZME.
Latest from Business
Downloads spike for app helping EV owners track road-user charges
The platform will soon launch a feature that automatically buys road-user charges.