The liquidator of the Dasset exchange appealed to the state for help in finding joint-stock assets
Grant Thornton, the liquidator of the Dasset exchange, has engaged the Serious Fraud Office (SFO) of New Zealand to search for hidden investments of the bankrupt site.
Grant Thornton accounting company reported that during the bankruptcy procedure and the formation of a target bankruptcy estate to compensate financial losses of shareholders, the fact of hiding investments worth more than $6 million from the liquidation commission was revealed. Grant Thornton noted that they were unable to find funds belonging to at least 5,000 Dasset shareholders. In this regard, the interim administration of Dasset has requested the help of the New Zealand SFO to assist in the search for assets.
"Officially registered assets owned by Dasset accounted for less than 10% of the actual balances of users and creditors at the date of liquidation of the exchange. If the liquidation commission fails to track down unaccounted investments and impose a penalty on them, then the amount of funds available for repayment to users or creditors will be minimal," the Grant Thornton report says.
The liquidator sought the help of third-party companies to try to track the investment, but these efforts failed due to the inability to contact the executive director and major shareholder of Dasset, Steve Macaskill. The SFO called on anyone with relevant information to contact him and declined journalists' requests for further comment.
