PHOTO: Those involved in the company’s collapse are the four directors including former Prime Minister Dame Jenny Shipley.
Tradies owed money after the multi-million-dollar Mainzeal collapse want one of its directors to pay up or go bankrupt.
Grant Price is one of 14,000 creditors owed a total of $110 million after the construction company went into liquidation in early 2013.
Price and his metal business Heatwave Mechanical are out of pocket by tens of thousands of dollars.
“We have swallowed it painfully and got back into business and hope that those are involved in it are held accountable for the mess it’s turned into,” he says.
Those involved in the company’s collapse are the four directors including former Prime Minister Dame Jenny Shipley.
They have all been found to have been recklessly running the company while it was insolvent and the High Court in Auckland ordered the directors to pay a total of $36 million.
Richard Yan, the businessman who was the head of Mainzeal’s Chinese parent company, was ultimately the most to blame for the collapse and has been ordered to pay $18 million.
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