Wow.... must be a slow news day. Hasn't this been a known issue for about 3 years.... *yawn*
You missed this little 'ripper' - much more their style.
"A Wellington businessman who loaned Terry Serepisos $4 million earlier this year says he now wishes he had never got involved.
Property developer Mark Dunajtschik, who ended up owning Mr Serepisos' former flagship Century City Hotel and car park complex, said dealing with Mr Serepisos had been the most unpleasant experience in his long business career.
What started out as a loan that was to have been repaid within days ended up as a disaster, he said yesterday ..." [Etc]