National Board member Roger Bridge is in the NBR¬†(paid content) but has declined to comment about the affairs of a Heartland loan.
Roger Bridge deflects queries on Heartland loan
Britannia Management and National Party director Roger Bridge has declined to discuss progress on the recovery of a toxic Heartland loan.
He referred all queries to fellow Britannia director Craig Myles.
Listed Heartland recently confirmed it has taken control of a Nelson subdivision which is the security for one of its toxic loans.
The debt has grown to about $8 million with penalty interest.
This is a very sad day for the National Party. Roger is a National man through and through, and one of the few true gentlemen left in New Zealand, and he is well loved throughout the country. Many have benefited from Roger’s legendary hospitality and generosity, and it is not too much to say that there are members of caucus and cabinet who owe their places in politics to Roger.
Hopefully Roger will be able to fight his way through this. Parties are built on men like Roger, and National needs more honest men, not fewer, and unfortunately Rogers impeccable manners may mean he resigns rather than cause the party embarrassment.