Published 9 September 2005
Auckland property developer Richard Kroon, 52, has been named as the man alleged to have kidnapped former business partner Kim Spencer at Pakiri last November, and of demanding with menaces, commissioning a crime with a firearm and injuring with intent to injure.
Mr Kroon denies the charges, although he wasn’t called on to enter a plea in a brief appearance in the North Shore District Court on Thursday. He asked to have his name suppression lifted and was remanded on less stringent bail terms to a predepositions hearing on Thursday 20 October.
Mr Kroon & Mr Spencer entered joint ventures on coastal developments north of Auckland in late 2002 & early 2003 but in recent months companies in those ventures have been steadily placed in receivership by their financiers.
Both men have joint-venture companies facing liquidation â€“ Mr Kroon’s Anzani Settlement Ltd and Mr Spencer’s Settlement Fisherton Ltd, on Marsden Real Estate Ltd’s application, due back in the Auckland High Court on Thursday 29 September. Mr Spencer’s Kitchener Homes Ltd, the company he used to buy the controversial Arrigato property at Pakiri in 2001, reached a settlement with Inland Revenue and the IRD action to wind Kitchener up was withdrawn on 1 September. Another Spencer company, Tomarata Estates Ltd, faces an Auckland Finance Ltd application to wind it up on Thursday 6 October.
Auckland Finance Ltd has also taken action against Mr Spencer personally, getting summary judgment for $4 million in the High Court last week.
Mr Kroon & Brian Mead developed the first stage of Chancery, the office, retail & cafÃ© development round a courtyard on NZI’s 1980s triple-tower site between Freyberg Square & Albert Park. But on 31 August Mr Kroon resigned from Chancery & Westmark companies to distance his partners from the criminal court case.
The case put together by Orewa police is that Mr Kroon and another man, who appeared in the Palmerston North District Court on Tuesday and still has name suppression, kidnapped Mr Spencer on 16 November 2004 and forced him to sign papers transferring profits from his business.