The Chinese businesswoman behind the buy-up of the Crafar dairy empire has made two  court appearances this week over failed business dealings.

May Wang appeared at  Auckland District Court on Monday on charges brought by the Ministry of Economic Development involving poor record keeping and liquidation matters concerning her  property and hotel company Dynasty Group, now in liquidation.

The charges include that between August 31, 2005 and May 29, 2008, she failed to keep adequate accounting records as the director of the Dynasty Group, and on or about October 10, 2008, she failed to supply the liquidator with information about the business accounts of the company and assist with the liquidation to the best of her ability.

She’s been remanded on bail pending  a sentence indication hearing on July 15.

Ms. Wang is also in court to face creditors in the Dynasty Group, to whom she owes $22 million.

Westpac has applied to the high court to bankrupt Wang over debts of $620,000.

May Wang’s lawyer Paul Sills previously told the media his clients plans to use money she earns from consultancy work during the next three years to pay creditors.

She’s part of the bid by Chinese investors UBNZ to buy 16 dairy farms previously owned by the Crafar family.

On Friday, the High Court at Auckland rejected a bid by UBNZ Assets Holdings which argued that it did not require consent from the Overseas Investment Office to purchase the farms.

The conditional sale agreement is subject to Overseas Investment Office approval.

Tenders for the farms close on June 23.