NZ Election 2008 – In the Public Interest
The Registrar – Wednesday 29 October 2008
Off the Press …
John Key in the hot seat – his past revisited.
Eugene Bingham – Herald – Wednesday 29 October 2008 – John Key faces accusations of misleading the public about his knowledge of one of New Zealand’s most notorious white collar crimes.
The allegations center around the two payments totalling A$66.5 million to Equiticorp funnelled via sham foreign exchange transactions in 1988 – the so-called H-Fee scam. At an interview in August last year, Mr Key gave the confirmed to the Herald that he worked as a foreign exchange dealer at Elders Merchant Finance, part of Elders IXL which made the payments to the Allan Hawkins-controlled Equiticorp. But he [Key] maintains he had left Elders in 1987, before the transactions were processed. … I was never involved in them.
“I guess I’m telling you because I’d rather be on the front foot. I don’t really care. There’s absolutely nothing I’ve got to hide. Everything is totally correct and honest and transparent.” Key said.
The Herald have raised questions about several aspects of the version Key told, including his memory of when he left the company. He resigned from Elders in June 1988, six months after the first payment. to Melbourne last week to search documents relating to a court case over the H-Fee.
The 13,000 page court file, which the Herald searched in Melbourne this week, contains a statement Mr Key made to an investigator with the Australian National Crime Authority in May 1991. For more … click here.
This breaking story will be updated on the relevant page as appropriate.