In a matter of days… not nine months?!
The Crafar Saga; a time-line on the sale process,
5 October 2009: Crafar Farms placed into receivership, owing $216 million to creditors.
22 December 2010: Government blocks bid by Natural Dairy to buy the 16 Crafar farms on ‘good character’ grounds.
27 January 2011: KordaMentha accepts offer from Shanghai Pengxin International Group Ltd to buy Crafar Farms.
13 April 2011: Shanghai Pengxin lodges application with the Overseas Investment Office (OIO) to buy the Crafar farms.
26 September 2011: Crafar farms receiver KordaMentha rejects a conditional NZ$171.5 million offer for 16 central North Island dairy farms from a group led by controversial former merchant banker Michael Fay.
26 November 2011: Parliamentary Election
27 January 2012: Government ministers approve Shanghai Pengxin’s application to purchase 16 Crafar farms.
15 February 2012: High Court over-rules Government’s decision consenting to Shanghai Pengxin’s application to purchase
“The OIO spent nine months assessing the Pengxin bid, which is reported to have valued the farms at $210 million, some $40 million higher than the bid by a consortium of New Zealand bidders led by merchant banker Michael Fay.” – Source
“We don’t have a clear timeframe for this process but expect to receive the resubmitted recommendation report from the Overseas Investment Office in a matter of days, not weeks.” - Mr Williamson, Ibid
It took nine months for the OIO (Overseas Investment Office) to report their decision to Ministers Williamson and Coleman, for their
rubber stamp approval…
But Minister Williamson now reckons it will only a matter of days to receive the resubmitted recommendation report from the Overseas Investment Office?!?!
… and this is the government that swears, hand-on-heart, that the extraordinary delay (applications normally take 50 – 70 days to process – not nine months) in processing and approving the Crafar purchase by Shanghai Pengxin, had nothing to do with the November election?!?!
The only thing worse than lying politicians?
Politicians who don’t lie very convincingly.
What a shabby, shonkey, shameful government we elected last year.
Leave a Reply Cancel reply
For a better New Zealand…
~ Cleaner rivers
~ No deep-sea oil drilling
~ Less on Roads - more on Rail
~ Minimum wage @ $15 p/hr
~ Marriage equality
~ Strong, effective Unions
~ No secret free-trade deals
~ Breakfast/lunches in our schools
~ Introducing Civics into our school curriculum
~ Cut back on the liquor industry
~ A fairer, progressive tax system
~ Fully funded, free healthcare
~ Ditto for education, including Tertiary
~ Fund Pharmac for Pompe's Disease medication & other 'orphan' drugs
~ No state asset sales!
~ Rebuild public TV broadcasting!
~ Keeping farms in local ownership
~ Reduce poverty, like we reduced the toll for road-fatalities
~ Jobs, Jobs, Jobs!
~ Being nice to each other
- Budget 2013: Radio NZ and politicians
- Budget 2013: Suffer the little children… to starve
- Brain fades and balls ups
- Citizen A: With Martyn Bradbury, Keith Locke & Matthew Hooton On Budget + Key’s Deal + Gilmore Wrap
- Budget 2013: How NOT to deal with Student loan defaulters
- Meridian Power?
- *** UP-DATED! *** NEWSFLASH!!! *** On TV3′s Campbell Live Wednesday night!
- John Key advocates theft by banks?
- On child poverty, to the Sunday Star Times…
- National on Child Poverty?!
- ***Breaking News*** Judith Collins issues decision on MMP Review!
- Binding future governments – a question.
- Skycity: National prostitutes New Zealand yet again
- Why a Four Year Parliamentary Term is not a Good Idea
- National Party Corporate welfare vs real welfare
- The NZ Taliban – quietly safeguarding our morals
- Citizen A: Martyn Bradbury, Chris Trotter & Selwyn Manning on Key’s Spy Bills + Dying Cities + Aaron Gilmore
- Talkback Radio, Public Radio, and related matters…
- John Key on Aaron Gilmore
- 2013 – Ongoing jobless talley
- An Occupation to remind the Government…
- But will he remember this helicopter flight in one year’s time?
- Nats, Lies, and Videotape
- Booze-ups, brain-fades, and bullying
- Do National Party supporters prefer higher electricity prices?