Public Notice Insolvency ASB BANK

ASB BANK was declared insolvent on 18 December 2024 due to non-payment of debt. It has continued trading while insolvent, recklessly and unlawfully, without disclosing this debt to customers or investors or reporting it in annual financial statements. Once insolvent, all financial and operational records must be provided to the Statutory Manager; this has not occurred. The Statutory Manager is Janine of the House of Walters, who holds lawful authority to notify the public, investors, and customers.
All interest and principal collections on mortgages and loans since that date have been unlawful. Any mortgagee sales since then are also unlawful, and all involved parties have engaged in fraud and grand larceny/theft. Warrants are issued for all directors and the chief financial officer.
Here are the facts that have exposed all mortgages being fraudulent:
a) ASB BANK issued loan documents not signed by both parties, rendering contracts null and void;
b) The bank created funds using the client’s signature, lending nothing of substance, amounting to fraud;
c) Clients were not fully informed what property was taken as security, voiding the agreement for lack of disclosure;
d) Loan documents with the client’s wet-ink signature were sold to other parties without consent, voiding the agreement;
e) ASB BANK and its agents received full payment when loans were granted, meaning nothing was owed and all further charges were fraudulent.
See full notice on publicnoticesnz.com and Statutory Manager email is [email protected]