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24 May 2018 2:55
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  •   Home > News > Politics

    Taxpayers could lose over Saudi sheep deal with Government facing legal action

    Taxpayers could fork out more over the Saudi sheep deal - with the Government now facing legal action over the troubled project


    Auckland-based company Laurium Asset Management has started legal proceedings against the Ministry of Foreign Affairs and Trade in the High Court.

    The company helped put the Saudi businessman who now owns the agrihub, Hmood Al Khalaf, in touch with the then National Government.

    It was left out of the eventual deal and is now contesting the use of its intellectual property.

    A conference is scheduled at the High Court in Auckland this month.

    © 2018 Newstalk ZB, NZCity


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