“.. – and it could have come from a secret trust he had previously distanced himself from.
The discovery of Bryers’ cash reserves come as his estranged wife Shirley Wijma reveals that the couple are about to be legally divorced.
The financial intricacies of Bryers’ business and personal life are being slowly dissected by government and legally appointed investigators.
Liquidators, Companies Office investigators and the Serious Fraud Office are probing the remnants of the Blue Chip finance empire, which collapsed owing at least 3000 Kiwi investors about $80m.
The Official Assignee is taking the same approach to Bryers’ personal finances in a wide-ranging investigation after his bankruptcy over $173m of debt.
The Herald on Sunday revealed last month that the existence of a trust emerged in questioning over one of Bryers’ failed companies.
When the liquidators asked who ran and controlled the trust, Bryers said he couldn’t remember.
But Maree Aitkenhead, the partner of Bryers’ former business partner Bob Bangerter, linked the Sebastian Trust to the former Blue Chip boss.
“He still owes him [Bangerter] about $3m,” she said.
“He was drip-feeding it for $5000 a month from the Sebastian Trust,” she said.
Aitkenhead said the money was paid by Bryers to Bangerter by bank transfer.
The bank accounts would show “Sebastian Trust” as the notation on the statements..”
go to source/story>>Bryers’ secret trust link – Business – NZ Herald News
