A Christchurch couple who discovered $232,440 in cash hidden in the ceiling of their home will receive $40,000 from the Crown, following a settlement endorsed by the High Court today.
Discovery and Dispute
The couple, who have one child, purchased the property in December 2021. In May 2022, an electrician and a homeowner discovered five sealed plastic bags containing the cash while working in the ceiling space.
Police believed the money was likely the proceeds of crime, potentially linked to drug dealing, and sought a forfeiture order. The couple, however, asserted their right to the money.
Following submissions from both sides and a hearing before Justice Robert Osborne, the parties reached a settlement. The Crown will retain the $232,440, but will pay the homeowners $40,000.
Court’s Reasoning
Justice Osborne approved the settlement, stating that denying any reward to those who hand found cash over to authorities “could unintentionally promote dishonesty.”
The police applied for a restraining order over the money in February 2024.
Frequently Asked Questions
When was the cash discovered?
The cash was discovered in May 2022 by an electrician and a homeowner while working in the ceiling space of the property.
What did the police believe the source of the cash was?
Police believed the cash was likely the proceeds of crime, potentially linked to drug dealing.
When was the settlement approved by the High Court?
The settlement was approved by the High Court today, March 4, 2026.
What factors might influence similar cases in the future?