Story: Business failures and corporate fraud

Larnach castle

Larnach castle

William Larnach intended his amazing Gothic castle on Otago Peninsula to be ‘a monument to my enterprise’. But in Larnach’s later life his enterprise was not especially successful. A banker, a member of Parliament and a cabinet minister, he suffered severely with the collapse of the Colonial Bank. Overcome by depression, he committed suicide in Parliament buildings.

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Larnach Castle
Photograph by Andris Apse

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How to cite this page:

Graeme Hunt, 'Business failures and corporate fraud - Government intervention, 1890–1940', Te Ara - the Encyclopedia of New Zealand, (accessed 12 August 2022)

Story by Graeme Hunt, published 11 Mar 2010