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Masala settles

14 Mar 2017 02:26 pm

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The owners of the Masala restaurant chain will forfeit $8 million, after coming to a settlement with the Crown.

In a judgment delivered by Justice Rebecca Edwards on February 28, it states that investigations by Inland Revenue, Immigration NZ and the Department of Labour found widespread and systemic tax evasion and immigration-related offending by those involved with Masala.

The $8 million represents almost all the unlawful benefit derived from tax evasion.

The money will come from the sale of 34 properties.

The property owned by JKK Holdings at 124 Stanmore Bay Road is likely to be put back on the market as part of the deal.

JKK Holdings also owns Stanmore Bay Cottage at 195 Brightside Road, where the local Masala used to operate. Current occupier of the cottage, Paprika Restaurant, has a 15-year lease.

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