Zhiwei Li

Zhiwei Li is an Auckland property developer who has recently gained attention for financial troubles, including accusations of transferring cash between failing companies and owing millions to the Inland Revenue Department (IRD). Li was declared bankrupt after a building supplies company sought repayment for a substantial debt, which he attributed to the collapsing Auckland property market. As a director of several failed companies, Li faces allegations of breaching his duties and may be subject to claims exceeding $1 million. Despite his legal and financial challenges, Li remains optimistic about a potential recovery in the real estate market.