Wang Faces Criminal Charges
May Wang, the Chinese businesswoman, faces property collapse due to three criminal charges, she faces from the Companies Act. She is said to have failed in withdrawing the charges at the Auckland District Court.
She is said to have failed in keeping proper books and records, failed in providing information to the liquidator and is said to have left the country without advising the liquidator.
She was reportedly due to give an appearance today but she did not turn up. Her lawyer, Paul Sills though is said to have filed an affidavit from Wang and submissions under Section 106.
However, Sills has made it very clear that her absence would not really have much effect on the business activities since many of her business partners did not even know about the fundamental issues, which was in news. He also said that she had been interviewed by the liquidator earlier this year.
Judge Robert Kerr said "What you're saying is Mrs. Wang did not commit any offences. It seems to me it's going to come down to a question of credibility”.
On December 2 the full trial would take place for Mrs. Wang and the submissions too would be heard only then.
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