His address on the public register is Ruby Bay, Nelson. Neil Allan Barnes is currently overseas in no hurry to return after being ordered to repay over one million dollars to syndicate owners of commercial properties in Auckland, Tauranga and Christchurch managed by Investments Services Ltd.
Whilst CEO of Investment Services, Barnes stole investors’ funds in a long running fraud. The fraud was discovered in June 2018, after Barnes left Investment Services. The High Court was told money was siphoned out through Barnes’ company: Inlandia Ltd. The hunt is on to track down this money. Barnes abandoned his company; Inlandia Ltd was struck off the companies register for failing to file annual returns.
At investors’ request, Associate judge Lester restored Inlandia to the register. Bringing the company back to life enables Inlandia to take legal action against Barnes personally to recover assets passing through the company to him.
First NZ Properties Ltd v. Barnes – High Court (3.03.20)
20.046