Isn’t it funny how every time a minister is caught in a shares conflict of interest it happens the holding is relatively small?
Brownlee’s Contact shares. Key’s Jackson Mining. Turns out McCully’s shares in Widespread Portfolios are worth 20 cents a pop. $31 total.
He paid a grand for them at $5-odd each. Ouch.
Doesn’t eliminate the conflict of interest. Makes it pretty trivial though.
Maybe it’s no coincidence the shareholdings in their own names are small. These are the shareholdings that it wasn’t worthwhile transferring to trust ownership. What did get hidden away in those trusts? Break them open.
Labour and Greens should lead the way. Shame the Nats into following. Maybe get a majority on the Business Committee for it (they decide the Register of Interests, eh?).
Apart from questions over what did get secreted in the trusts, National’s latest share controversy raises two more questions.