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Home / New Zealand

Mark Bryers still gets rent cash

By Rebecca Milne
Herald on Sunday·
21 Feb, 2009 03:00 PM3 mins to read

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Mark Bryers. Photo / Supplied

Mark Bryers. Photo / Supplied

KEY POINTS:

Blue Chip director Mark Bryers has continued to profit from one of his collapsed companies - with rental income owed to creditors paid into his personal bank account.

The revelation is contained in a batch of new liquidation reports for many of Bryers' 160-plus companies.

The documents also
indicate the possibility of a new legal summons after Bryers failed to acknowledge repeated requests to assist the investigation into the collapse of his business empire.

The latest liquidation report for Gibbston 12, filed with the Companies Office, said rent which should have gone to creditors, was still being paid into Bryers' personal account.

Liquidators for PKF Corporate Recovery and Insolvency, who also noted they had been unable to find any financial accounts for the company, said they had written to Bryers asking him to return the money.

"Based on his lack of contact to date, we do not believe he will contact us about this matter either."

The government-appointed liquidator for another of Bryers' failed companies, Donnington Ltd, said he had been asked to provide accounts and to answer questions over its failure. The information could have helped liquidators return money to investors.

Insolvency and Trustee Service said Bryers' failure to provide the information had led them to consider seeking a court order forcing him to do so.

More than 100 new criminal charges were laid this week, but not served, against Bryers for his alleged part in the collapse of companies, including Blue Chip, owing more than $80 million to at least 2000 investors.

The head of the Registrar of Companies' national enforcement unit, Shane Keohane, said the new charges would be served if Bryers returned to New Zealand for a scheduled appearance at Auckland District Court on Friday.

He is already facing six charges in relation to management of the Swordfish Lodge resort at Whangaparaoa, north of Auckland.

Keohane would not reveal details of the latest charges but said new information would come to light within the next fortnight.

Attempts to contact Bryers yesterday were unsuccessful.

In numerous documents filed with the Companies Office, Bryers lists his service address as the Remuera house he used to share with estranged wife Shirley.

She said she hadn't heard from him since the new charges were laid.

"I don't have a contact number for him, I don't want to talk to him and I don't really want to talk to the newspaper either, thank you, I've got enough to deal with."

If Bryers fails to appear on Friday, the court has the power to seek extradition from Sydney.

The Herald on Sunday has also learned authorities may pursue a permanent ban on the 51-year-old being a company director.

Ma and Pa investors, still facing the financial fallout of the Blue Chip collapse, were glad more charges had been laid.

But a 67-year-old, who asked not to be named, said it was too late for her and her 72-year-old husband.

"We've been to the doctor more in the last 12 months than we've ever been in our lives. We're just so stressed about it all.

"We've already sold our home. We're in a one-bedroom council flat. That's all we've got."

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