by Ganesh Sahathevan
Two fromer New Zealand prime ministers, John Key, and Helen Clark were present at Xi Jinping's parade. Former PM Key is now chairman of ANZ New Zealand, and New Zealand and ANZ have yet to provide any credible explanation for their part in the 1MDB theft.
Key oversaw the Shewan Inquiry into money laundering in New Zealand, which seemed to miss the very obvious New Zealand conections to the 1MDB theft, despite Shewan's reputation as New Zealand's most technically brilliant tax man Key was appointed chairman , ANZ New Zealand after he resigned unexpectedly. China's part in the 1MDB theft is well documented, as is New Zealand's.
New Zealand's weak economy will always need external funding, as evidence by the money laundering scandals which confronted Key.
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Tuesday, August 15, 2023
NZ SIS accuses China of ‘foreign interference’ but state owned China Construction Bank maintains high profile office in NZ, still courting NZ leaders
by Ganesh Sahathevan
The New Zealand Secret Intelligence Service has accused China of foreign interference but meanwhile state owned China Construction Bank (CCB) maintains an office in New Zealand , and is still courting New Zealand's leaders.
CCB 's current chairman is Murray Horn. the former Treasury Secretary. The previous chairman was former NZ Prime Minister Jenny Shipley, who resigned . Horn was previously adviser to Mainzeal.
Shipley was chairman of Mainzeal when it was put into liquidation. The company was then controlled by prominent Chinese NZ businessman Richard Yan. The matter of its collapse has gone before New Zealand's courts.
Prominent New Zealand tax expert John Shewan was appointed acting chairman after Shipley's resignation. He was a director of the bank between 2014-2021.
CCB entered the NZ market to participate in wholesale banking and financing of infrastructure. That would make it a financier of the New Zealand Government and its projects.
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