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Commerce Commission investigating Hanover
Thursday July 24, 02:01 PM
The Commerce Commission has launched an investigation into troubled finance company Hanover Finance.
The company has frozen repayments to 16,500 investors who are owed more than half a billion dollars.
Hanover Finance has been operating since 2001 under the directorship of Eric Watson and Mark Hotchin.
The investigation will look into whether Hanover Finance has breached the Fair Trading Act by making misleading representations to prospective investors.
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