13 Feb 2010

SFO investigates financial services firm in liquidation

7:59 am on 13 February 2010

The Serious Fraud Office is looking into a financial services company that is in liquidation.

Five companies connected to the investment firm Bradley and Bradley, which was based in Auckland's Vero Centre, closed before Christmas.

Liquidator David O'Connor says that about 36 investors, who had put more than $10 million into the company, have come forward.

He says there appear to be no tangible assets except office furniture, and incomplete records have made it hard to track down investors or their money.