2020-01-21 20:41:56 UTC
This looks to me to be very questionable (at least):
Quite apart from the fact that NZFFP have dropped Shane Jones in it
for lying (about when he knew of the project to be funded by a PGF
loan), I cannot recall there ever being a company whose directors are
entirely senior political party office holders or lawyers. That they
should apply for a PGF loan (the PGF being a fund established as part
of the current coalition agreement) gives credence to the notion that
the purpose of NZFFP is to profit from taxpayer support using taxpayer
funds under the auspices of the company directors.
It should be noted that NZFFP is wholly owned by Kinleith Continuation
LP (Limited Partnership). A limited partnership is a means of
disguising the true identity of the shareholders. This is a technique
that Winston Peters would be highly critical of if he was to target an
entity that he wished to accuse of wrongdoing.
This is, quite simply, unacceptable. No other political party would
get away with this. The National Party, if it has any spine, should
be all over this but so far this is not the case.