One News has just run the revelation that John Key lied to the public and to Parliament about the extent of his shareholding in Tranzrail while using his position to ask questions about the Government’s intentions for rail.
More importantly, it seems he met with Rail America in his capacity as National’s transport spokesperson to encourage the company to go ahead with its intention to purchase Tranzrail. He said in a newsletter that he hoped:
the interest shown by Rail America will be picked up by others.
Having pumped the sale without declaring his interest, he then divested of 50,000 Tranzrail shares, doubling his money within five weeks.
The public needs to know what went on during that meeting with Rail America. We also need to know the full details of all Key’s holdings and an investigation needs to be held into whether he has misused his position for financial gain anywhere else.
Given one of National’s favourite taunts over the last three years has been ‘corruption’, one can only hope the media will see real corruption for what it is.