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Linz said Lee said he did not fully understand the sale documents he had signed as English was not his first language. He co-operated fully with the Overseas Investment Office throughout its investigation and said he did not know he needed consent under the Overseas Investment Act. In his sentencing, Justice Muir said there was a “substantial” land area involved in the sales and the properties purchased were of natural significance. “They had a substantial combined purchase price and were being acquired for commercial tourism purposes, all obvious ’red flags’ for any professional organisation representing Mr Lee’s interests,” Justice Muir said. ....
Businessman Seung Heun Lee has been ordered to pay $1,246,625 in penalties and $30,000 in legal costs for buying several Northland properties without applying for overseas investment consent. In the Wellington High Court, Justice Muir found Mr Lee and companies . ....
Controversial 'spiritual leader' fined $1.2m over purchase of Northland properties msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Controversial Korean 'spiritual leader' fined $1.2 million for purchasing Northland properties without consent newshub.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newshub.co.nz Daily Mail and Mail on Sunday newspapers.