The long running saga of the controversial, hostel-style Hart Rd houses is having a sequel in a mortgage fraud case in the Auckland High Court.
The Serious Fraud Office has accused property developer Kang (Thomas) Huang and Yan (Jenny) Zhang of being involved in a ring that fraudulently obtained at least $50 million to buy 76 properties around Auckland and Hamilton.
The husband and wife duo, otherwise known as Gang Wang and Kang Xu, were behind the now defunct company LV Park, which developed the Hart Rd houses in Tamahere.
The SFO alleges the couple and their co-conspirators provided false information or documents, or withheld information from either BNZ or ANZ, to get loans to buy properties between December 2011 and October 2015, reports interest.co.nz
All four defendants have pleaded not guilty to the charges laid against them. They will appear in the Auckland High Court later this year, and will be trialled by judge from February 26 next year. The trial is expected to take 12 weeks.
Hart Rd from the beginning
The controversy about the Hart Rd houses broke in 2013 when nearby homeowners became furious at what they believed was an illegal student housing complex in the making.
The established Hart Rd residents feared the housing complex, consisting of 11, massive, similar-style houses with up to nine bedrooms each would destroy their quiet, country lifestyle.
The Waikato District Council placed covenants on the properties limiting occupation to families only but it seemed the restrictions were fruitless.
In mid-2014, flat mate wanted ads on TradeMe seemed to prove the houses were not family homes.
The housing development with its bare grounds, stark wooden fences and lines of cars have continued to look anything but the low density, country lifestyle area for which it was zoned.
In mid 2016 a police raid in the street put the spotlight on the road again. Now, it seems, the SFO has has been digging into the backers of the whole development.
More on this topic: Hard Rd hostel fears come true
Like what we do? Support us in our mission to keep Tamahere informed.