So, no laws broken, no action by authorities, what was Matt Nippert banging on about then?

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.  

The Police said a feature of fund management was that securities were bought on traded markets, so money from the investment did not provide funds for the companies producing the weapons.

“Additionally, New Zealand fund managers also place money with offshore fund managers, who may undertake share trading on overseas markets, rather than the New Zealand fund managers investing directly.”

The Police said if any new evidence came to light, “this will be assessed and acted on as required.”

So, the NZ Herald and Matt Nippert ran a shabby hit job on Kiwisaver accounts, possibly cost savers a significant amount of money and they didn’t even check the legality of it all before running their shabby little hit job.

Which raises a very good question about precisely whose morals and ethics we are supposed to use with investment decisions? Nippert’s? He can’t even do a proper investigation.

Will the NZ Herald now apologise to those Kiwisaver companies and funds that they wrongly maligned?

I won’t hold my breath. Next time you see “The Herald’s investigations team can reveal…” you will know it’s a shabby politically inspired hit job against someone or something that these crusaders don’t like.

Dirty Politics has nothing on Dirty Media.

 

– NBR

 


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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. 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 who takes no prisoners.

He is fearless in his pursuit of a story.

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

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