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90 seconds at 9am: GPG the mystery bidder for Hanover; Grant Samuel report 'fair'
Bernard Hickey details the key news overnight in 90 seconds at 9am in association with ASB, including news that Guinness Peat Group is the mystery bidder for Hanover Finance, the BusinessDay has reported.
But Hanover Finance Chairman David Henry says no alternative offer is likely and won't confirm who the potential rival bidder is.
Meanwhile Allied Farmers has said the independent report from Grant Samuel will say the Allied bid for Hanover Finance is fair, better than the moratorium and a better bid is unlikely, the NZHerald reported.
In Wellington the Inland Revenue Department has won its first court case against a property investor renting a property off her own LAQC and claiming tax losses, the Dominion Post reported. A court ruled it was tax evasion.
Meanwhile, also in Wellington, National MP and deputy speaker Lindsay Tisch has been living in his own apartment and claiming NZ$21,000 in expenses from the government for living away from home, which works out at an 8% return on his NZ$260,000 investment, the NZHerald reported.
6 Comments
Tisch tosh...is there no end
Tisch tosh...is there no end to the RORTS....
Is dis-hone-sty the only way to get a SHON-KEY income in NZ.
It appears to be the TAXPAYER is being taken for a MUG.....and being MUGGED at every turn of the SCREW.
When is PRISON going to be for those stealing a lot, rather than a LITTLE.
There should be nowhere to HIDE.
DUNNE and dusted.
REMEMBER you have a VOTE New Zealanders.
Please use it for the GOOD of New Zealand, not the BAD.
WAKEY WAKEY.
Its not a good look.
Its not a good look. He's my local MP. Unfortunately he has a massive majority so he won't be to bothered by this.
The receiver must be put
The receiver must be put into Hanover, that's for sure. Wouldn't it be funny BTW if some disgruntled 'investor' decided to bomb that eyesore Hotchins is building.
<i>Dimmocrazy Says: November 26th, 2009
Dimmocrazy Says:
November 26th, 2009 at 10:43 am
The receiver must be put into Hanover, that's for sure. Wouldn't it be funny BTW if some disgruntled "˜investor' decided to bomb that eyesore Hotchins is building.
Yes, but they should at least wait for Hotchin and Watson to put in that 20 million in promised cash first, which is required if they don't have enough money to make the payments to debenture holders. That is one reason the directors are so keen to get rid of it now with Allied Finance, as under the Allied Finance deal, they don't need to make those payments.
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