Banker owes $250k in tax, IRD says

20:51, Nov 27 2012
kelt std
ORDER UP: The Hastings building that once housed merchant banker Sam Kelt may soon become a drive-through Carl's Jr burger joint.

Embattled merchant banker Sam Kelt is facing further troubles with Inland Revenue seeking to put his company Kelt Capital into liquidation over about $250,000 in unpaid tax.

The department has filed an application with the High Court in Napier, claiming Kelt Capital has an outstanding debt of $240,960.53 in GST and penalties, $13,016 in fringe benefit tax and penalties and $300 in income tax.

The department's bid to put the company into liquidation will be heard in the court next month.

Earlier this month it was revealed Mr Kelt was being pursued for a personal guarantee of nearly $400,000 by Wellington-based company Project Eight, run by Jason Deane and Jeremy Smith.

Associate Judge David Gendall gave Kelt until tomorrow to file a notice of opposition to Project Eight's summary judgment application.

Project Eight then has until December 12 to file a response before the matter is called again on December 13 to set a hearing date.

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Contact Marty Sharpe
Hawke's Bay reporter
Email: marty.sharpe@dompost.co.nz

The Dominion Post