” …a sense in which Andrew Little is responsible is that he has been part of a campaign of deliberate lies… It is very sad that an opposition party would [behave] so dishonestly…”
Given John Key’s entire tenure as prime minister is built on lies, this from Matthew Hooton over at The Dimpost’s comment section is somewhat ironic, and insulting.
In October 2008 as the then opposition leader, Key maintained his 1991 statement to the Serious Fraud Office investigation into failed corporate high-flier Equiticorp and it’s fraudulent H-Fee transactions with Australian corporate giant Elders IXL, was accurate. But his well documented relationship with infamous New York based Bankers Trust currency raider Andrew Krieger says otherwise.
We know Key worked with Krieger, this was confirmed in great detail by hi Bankers Trust boss Gavin Walker* in February 2008. Telling media Key knew everything Krieger was executing across the Auckland Bankers Trust’s branch’s trading desk; indeed looking after Krieger was part of Key’s job description. Key himself has said he can still recall his first phone call with the trader, saying Krieger asked him about New Zealand’s GDP and it’s monetary supply.
We can also be sure Key was at his previous firm Elders Merchant Finance on 17 August 1987, as he filmed for Close Up’s “Big Dealers” episode on that day. What we know of Krieger is that he resigned from Bankers Trust on 23 February 1988. His resignation is well documented, having been reported in the New York Times, the Wall Street Journal, and later in Krieger’s own book, ‘The Money Bazaar’.
To have worked with Krieger, which there is no doubt, Key needed to have left Elders Merchant Finance to start with Bankers Trust sometime after 17 August 1987 but before Krieger’s 23 February 1988 resignation date.
Therefore Key’s statement to the Equiticorp inquiry in which he told investigators he left Elders Merchant Finance for Bankers Trust on 31 August 1988 can only be a lie. His insistence to voters in October 2008 that his statement was entirely accurate can only be another one.
Lying to an SFO investigation carries a maximum $15,000 fine or twelve months jail, more for conspiring to mislead, and I think any investigation would find that’s exactly what Key (and his ex-Elders colleague Paul Richards**) did.
Time to go John.
* Gavin Walker, current Chair, Board of Guardians of New Zealand Superfund
** Paul Richards, current head of Foreign Exchange Distribution, UBS, North America
Would Turnbull and Obama think as positively about Key if they knew Key had lied to an early ’90s trans-Tasman investigation into high flying corporates on both our shores?
Key was interviewed by Australia’s (now defunct) National Crime Authority and New Zealand’s (then newly established) Serious Fraud Office in May 1991. The evidence he gave to the investigation included a dated timeline for him leaving one job for another. However with a little light shed on it, it’s easy to see this timeline is an impossibility.
In 2008, one week before that year’s general election and he was elected prime minister for the first time, Key’s statement to the investigation surfaced. He told curious media his statement was “100% correct” and any talk to the contrary was nothing but a smear campaign by a “desperate left.”
Which of these currency traders turned politicians lied to a 1990’s joint Oz & NZ investigation into corporate fraud?
Which of these currency traders turned politicians lied to a 1990’s joint Australia & New Zealand investigation into corporate fraud?
More info in the links below: