Video / NZ Herald / APA man who invested $10 million in a Wānaka hotel has gone to court to find out where his money went. Kurt Bradley Wagner’s case was heard in the High Court at Invercargill this week after information concerning his funds was withheld from him for four months. In February last year, B Property Group Ltd sole director Andrew McIntosh offered Wagner an investment opportunity involving the Kitea Hotel in Brownston St. The plaintiff entered a subscription agreement with the company and after a $10 million investment, Wagner became a 50 per cent shareholder in the company. Image / SuppliedThis led to anxieties over how the funds he contributed had been applied, and so on March 16 he requested information under the Companies Act.

Source: Otago Daily Times July 27, 2023 21:12 UTC