Wednesday, 21 June 2017

Seized Auckland Masala properties net $8m after tax evasion settlement

Three properties associated with the Masala Indian restaurant chain have netted almost $8 million at auction.

The three properties, in Auckland's Mt Eden, Birkenhead and Stanmore Bay, were sold this week after being seized as part of a $34m restraining order granted over more than 30 properties linked to the chain back in 2015.

The chain reached an $8m settlement with Inland Revenue and police earlier this year.

from
http://www.stuff.co.nz/business/93947239/Seized-Auckland-Masala-properties-net-8m-after-tax-evasion-settlement

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