Part III in a special Whaleoil blog investigation
So what of MBIE?
Apparently all the facts in the first two parts of my series have been raised by Mr Khan with MBIE. Â They have not replied in any satisfactory way in monitoring radio licensing, which forced Radio Tarana to take costly legal action.
There are serious questions to answer as to why CFS and the Algie Family Trust were involved as intermediaries to cash transactions to
shuffleÂ facilitate money into 5TUNZ.Â Was it a loan? A gift? Financial assistance? Why was it not declared in statutory returns?
The cash from Lodhia could simply have been deposited into Mr and Mrs Prasads personal bank account (if it really was a personal gift or a loan for a private purpose) or directly into 5TUNZ (if it was a gift or a loan for the use of the business).
Was the money used to attempt to externally make 5TUNZ appear more solvent than it was?Â Or internally to make it look more indebted?
Let us go back to Mr Lodhiaâ€™s very concise confident comment to me:
â€śMy only obligation and financial interest is in Radio Taranaâ€ť. Â Â Read more »