Selwyn Pellett is rightly kicking Steven Joyce in the shins for corporate bludgers NextWindow trousering cash then selling out and winding down.
Pellett, an outspoken critic of R&D grants being awarded to foreign-owned firms, said the Government should ask Smart to return the grant funding that NextWindow had received.
“I think they’re already in a position to do that if I’ve read correctly some of the stuff [Minister for Economic Development] Steven Joyce has said,” Pellett said.
Joyce has previously said the Government could request repayment of grants in some cases, but only within three years of a funding round’s completion.
Smart did not respond to an emailed request for comment before last night’s deadline.
Pellett said the impending closure of NextWindow was part of a “continuous story” of New Zealand technology companies being sold to overseas buyers and then wound down.