Crafar farm sale stopped

Crafar farm sale stoppedNatural Dairy Holdings, the Hong Kong-listed firm which is putting lot of efforts to buy the Crafar family farms, stated that it has nothing to conceal from the Serious Fraud Office.

Yesterday, the professional crime researcher said that he was only having a rapid appearance at the ownership of the farms to observe whether there exist any depraved -doing by Natural Dairy and Auckland-originated Chinese businesswoman May Wang's UBNZ set of companies ensuing to the Abroad Investment Office conveyed on the particulars to the SFO.

According to SFO chief executive Adam Feeley in today's Morning Report that they were carrying out an early scam investigation and were a elongated way from expressing whether any allegation might in fact be laid.

As per the Natural Dairy vice-chairman Graham Chin in a statement the group has nothing to conceal and they are positive that the SFO shall find out no indiscretion in the transactions they have achieved in New Zealand.

Wang expressed that she was disenchanted and astonished with the means the SFO designed the declaration that swayed in late yesterday. Neither Natural Dairy nor Wang had been alarmed to the examination before the declaration, they expressed.