Cunliffe’s Panama smear fails to stick as OIO declares “no laws were broken”

Yesterday David Cunliffe tried to smear a property owner; today his smear is in tatters.

The Overseas Investment Office says it is satisfied with the decision to allow a foreign company linked to the Panama Papers scandal to buy New Zealand farmland.

The Government agency, which vets all large or sensitive foreign investments in New Zealand, said it had no evidence that Panama-based company Ceol & Muir had breached any laws through its connection to Panama law firm Mossack Fonseca.

“The Overseas Investment Office [OIO] is satisfied that due process was followed in assessing a consent application by Ceol & Muir,” the agency said this afternoon.

Millions of documents leaked from Mossack Fonseca earlier this month showed that the law firm played a key role in helping the world’s wealthy hide their money and assets in foreign trusts, some of which was linked to criminal activity.  

Ceol & Muir, which is owned by Italy-based Rafael Grozovsky and his Argentina-based brother Federico Grozovsky, was granted consent in February 2014 to purchase the 1317ha Onetai Station in Awakino, Taranaki for $6 million.

The Overseas Investment Office (OIO) reviewed its files after the scandal broke.

“While the OIO was conducting a search of its records, the OIO noted that Ceol & Muir’s registered office is at the Panama office of Mossack Fonseca,” the agency said.

The OIO has no evidence that would suggest that this connection with Mossack Fonseca is in breach of any laws.

Labour are so desperate to talk down New Zealand and try to build the meme that John Key is a money-laundering bankster who can’t be trusted. It isn’t working and they continue to sink lower in the polls.

Thankfully they appear to be as stupid as they are nasty.

 

– ODT


Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to Incite Politics magazine articles?
  • Access to Podcasts?
  • Access to Political Polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

48%