Photo: SuppliedLiquidators have formally demanded nearly $800,000 from the director of a failed eco-travel company who lost millions of dollars in customer deposits to bad cryptocurrency trades. But We Are Bamboo director Colin Salisbury has rejected the liquidators’ suggestion that he breached his legal duties, despite leaving hundreds of customers out of pocket by thousands of dollars. Affected customers have shared their frustration at the news, saying all of Salisbury’s assets should be seized until they were paid back. The Lower Hutt-based ethical travel company, run by Salisbury and his colleague Mark Foster-Murray, announced in late October 2022 it was closing, blaming the failure of the business partly on Covid-19. "The liquidators met with their solicitors to consider the points raised and intend to respond once further investigations have taken place."

Source: Otago Daily Times December 31, 2023 21:26 UTC