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9 Aug 2020 12:06
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  •   Home > News > Politics

    Team New Zealand is fighting to prevent a report into the spending of public money being published

    Team New Zealand is fighting to prevent a report into the spending of public money being published


    It includes allegations of a reclassified three-million-dollar loan -- and also claims the team was scammed into paying funds into a Hungarian bank account.

    Team New Zealand and America's Cup Events deny any wrongdoing.

    A legal battle this afternoon in the High Court at Auckland involved Team New Zealand, America's Cup Events NZME, the Government and Auckland Council.

    It's after an interim High Court injunction was filed against NZME -- who wants the report made public on the grounds of public interest.

    The yachting syndicate's lawyer, Davey Salmon says the report could cause 'serious reputational damage' to individuals, which may never be repaired.

    He also said it contains 'scandalous allegations'.

    Justice Simon Moore has reserved his decision -- and the interim injunction orders remain until his judgment.

    © 2020 Newstalk ZB, NZCity


     Other Politics News
     09 Aug: Labour's latest policy announcement is being welcomed by business -- but it's only a piece of a puzzle
     09 Aug: Support for New Zealand First looks to be fading in Northland
     09 Aug: New Zealand First has announced a new tranche of candidates for the election
     08 Aug: The Labour Party has not achieved everything it set out to during this term in Government
     08 Aug: High-praise for Maureen Pugh from the National Party's leader
     08 Aug: Jacinda Ardern's partner took centre stage at Labour's campaign launch in Auckland today
     08 Aug: Government investment into kiwifruit industry is likely to extend into the summer season
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