Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2007
Tranz Rail insider-trading claim
The New Zealand Securities Commission brought an insider-trading claim concerning Tranz Rail-related dealings. Fay Richwhite settled the claim out of court for NZD 27.5 million.
Winebox Inquiry
The inquiry examined alleged tax-avoidance arrangements involving the Cook Islands and related corporate structures. Fay Richwhite was a principal focus, and the publicity caused substantial reputational damage. The High Court later found no conspiracy between the Bank of New Zealand and Fay Richwhite to avoid income tax.