Court gives BNZ greenlight to shut Gloriavale’s bank accounts

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Court gives BNZ greenlight to shut Gloriavale’s bank accounts

Court gives BNZ greenlight to shut Gloriavale’s bank accounts
Articles

| Business Desk | Subscription Only |

The Court of Appeal has delivered a blistering judgment that could see Gloriavale wind up its operations. The court has upheld an appeal from the Bank of New Zealand (BNZ), deciding to dispose of an injunction that had required the bank to keep the exclusive religious community’s accounts open.

Read more at the NZ Herald here.