Parengarenga 3G Trust defrauded
Wednesday 18 Oct 2017Owners of Maori land lose Trust money to fraudsters - A brother and sister have been charged in relation to a Serious Fraud Office (SFO) prosecution.
Stephen Henare (60) and Margaret Dixon (59) face Crimes Act charges of ‘Theft by person in special relationship’ in relation to their roles as trustees for the Parengarenga 3G Trust. Mr Henare faces six charges while Ms Dixon faces five charges. Mr Henare appeared in the Auckland District Court today and has been remanded on bail. Ms Dixon failed to appear.
Parengarenga 3G is a 500+ hectare forestry block of Maori land located in the Taitokerau District in the Far North. The Parengarenga 3G forest is managed by the Parengarenga 3G Trust.
In June 2012 the defendants and five others were appointed as Trustees of the Parengarenga 3G Trust, in place of the Maori Trustee.
In August 2012 approximately $1.1 million, intended primarily for the management of the land and the forest for the benefit of the owners, was transferred from the Maori Trustee to the Parengarenga 3G Trust bank accounts. A further $54,480 was also obtained by the Trust from the sale of carbon credits.
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