Matt Nippert, a supposed investigative journalist ran a massive hit job on supposed dirty money in Kiwisaver accounts.
Apparently, there was some sort of moral, possibly illegal investment in some companies he clearly doesn’t like.
Turns out nothing illegal was done, there is no reason why these investments shouldn’t have been made and both the Police and the FMA are taking no action whatsoever.
The Police have released a statement on an investigation into whether the Cluster Munitions Act may have been breached by KiwiSaver fund managers.
“There are significant threshold issues with regard to establishing breaches of the Act, and at this stage there is no evidence to indicate offending,” the Police said.
The investigation was done in conjunction with the Financial Markets Authority. Read more »