Wai­w­era group’s trou­bled waters

Rodney Times - - YOUR PAPER, YOUR PLACE - JAY BOREHAM

A com­pany sell­ing New Zealand water over­seas, partly owned by a Rus­sian bil­lion­aire, faces an ap­pli­ca­tion for liq­ui­da­tion.

An ap­pli­ca­tion to put Wai­w­era Water New Zealand into liq­ui­da­tion was filed in the High Court on May 22 by the Com­mis­sioner of In­land Rev­enue.

The firm, run by Mikhail Khimich and Leon Finger­hut, sells its arte­sian water in more than 10 coun­tries, in­clud­ing the US, Rus­sia and the Mid­dle East.

The com­pany is part of the Wai­w­era group, which runs the Wai­w­era hot pools and bot­tles min­eral water sold un­der the Wai­w­era brand. The bot­tled water is also sold do­mes­ti­cally.

Ac­cord­ing to the com­pany’s web­site the water, first bot­tled on the site in 1857 by Scots­man Robert Gra­ham, is drawn from one of the South Pa­cific’s largest geo­ther­mal aquifers, 1.5 kilo­me­tres be­neath the Wai­w­era Val­ley in north Auck­land.

News of the ap­pli­ca­tion for liq­ui­da­tion will come as a blow to Wai­w­era town­ship res­i­dents and ther­mal re­sort work­ers con­cerned about the future of the re­sort, after it cut its hours from seven to three days last week.

The re­sort claimed the cut in hours made way for work on an up­grade, but re­fused to com­ment fur­ther.

Wai­w­era Water has been con­tacted for com­ment.

MATTHEW CATTIN/FAIR­FAX NZ

An ap­pli­ca­tion to put Wai­w­era Water New Zealand into liq­ui­da­tion has been made by the Com­mis­sioner of In­land Rev­enue.

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.