Criminal proceeds recovery: Innocent investors have cash locked in money-launderer Cathay Hua’s assets

David Seymour has served as Acting Prime Minister this week, leading his first post-Cabinet press conference on Monday and his second Question Time on his birthday. This marks his first time in the House as Acting PM and Deputy PM since his previous stint in November when both Christopher Luxon and Winston Peters were abroad. Need More Context? 🔎

A young girl discovered a hidden camera in her family's bathroom and threw it out the window, leading her parents to find it and uncover disturbing footage, including images of their child. Daine Arthur Williams has since been sentenced to jail for secretly filming individuals, primarily women and girls, in private settings and public spaces. Need More Context? 🔎

Government officials recommended a controversial retrospective law change to mitigate financial risks posed to ASB and ANZ from a class action lawsuit. Documents reveal concerns that lenders could face severe liabilities for past errors, potentially threatening their solvency and the stability of the New Zealand financial system. Need More Context? 🔎

Foodstuffs is experiencing significant expansion with over $380 million in ongoing or planned projects, including recent openings and the upcoming launch of a new 6000sq m Pak’nSave on North Shore. Other notable developments include a major sale in Tauranga and three deals by Metlifecare, as well as the opening of a new build-to-rent project by Marutūahu-Ockham. Need More Context? 🔎

Fletcher Building has projected significant items impacting its financial results, estimating losses between $573 million and $781 million for the fiscal year ending June 30, 2025. Prior to accounting for these losses, the company anticipates earnings before interest and tax (EBIT) of $386.4 million to $391.4 million, with institutional investors expressing concerns over lowered profit expectations. Need More Context? 🔎

Documents reveal that an Auckland musician, convicted of assaulting his ex-girlfriend, faces career-ending consequences if named, according to his lawyer. A judge denied name suppression and a discharge without conviction, sentencing him to 80 hours of community work after jurors found him guilty of biting and using a plastic bottle as a weapon, although he was acquitted of more serious charges. Need More Context? 🔎