Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Oil for Food: No Evidence of NZ Wrongdoing

Rt Hon Winston Peters
Minister of Foreign Affairs

04 November 2005
Media Release

Oil for Food: No Evidence of NZ Corporate Wrongdoing

Checks of official records have found no evidence of illicit funds transfer by two New Zealand companies referred to in the Volcker inquiry into the UN Oil for Food Programme, Foreign Minister Winston Peters said today.

"An extensive file search by Ministry of Foreign Affairs and Trade officials has found that the two New Zealand companies referred to in the Volcker report, JB Sales Ltd and Ecroyd Beekeeping Supplies Ltd, acted in accordance with UN and New Zealand rules," Mr Peters said.

"The Volcker report also cites a Vietnamese company, Vietnam Dairy Products. This company was a major customer of Fonterra, and is understood to have repackaged and onsold whole milk powder to Iraq.

“However, MFAT’s file checks reveal no evidence that Fonterra was involved in, or had any knowledge of, any illicit payments to the former Iraqi Government, nor does the Volcker Report suggest that this was the case.

"I asked MFAT officials to check their records after the Volcker Report listed the two New Zealand firms among more than 2,000 companies that supplied product to Iraq and allegedly made illicit fund transfers to the Iraqi regime.

"JB Sales and Ecroyd sought and received the proper approvals and exemptions required under the UN sanctions regime and New Zealand law to export to Iraq.

"One of the companies (Ecroyd) told MFAT officials in 2002 that they had been asked to pay an additional 10% tax. After consulting with the UN, MFAT informed the company that this was illegal and they should refuse to pay it.

"Therefore, significant further information would be needed from the Independent Inquiry to establish whether there were any grounds to pursue a prosecution against either of these two companies under New Zealand's anti bribery laws. Volcker himself acknowledges that companies may not have been aware of illicit payments," Mr Peters said.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Campbell on: the local body election result in Wellington

For obvious reasons, politics is more of a big deal in the capital city than anywhere else in the country. Even so, fewer than four in ten eligible voters bothered to vote in Saturday’s local body elections in Wellington (turnout 39.66%).

Even less was felt to be at stake this time around than in 2016, when 45% of the electorate voted Justin Lester into the mayoralty.

To put it mildly, the Lester-led Council failed to live up to expectations. Lester will be remembered mainly for the fact that somehow, he managed to lose this election. . More>>

 
 

Could Do Better: Post-Sroubek Review Of Deportation Info

Ms Tremain acknowledges that the review highlighted some aspects of the process that can be improved and makes five main recommendations to strengthen the existing processes for preparing files for decision-makers. Those recommendations are: More>>

ALSO:

Gordon Campbell: On A New Book On The Leaky Homes Scandal

We all know that journalism is short of cash and under pressure from the speed, brevity and clickbait pressures of the 24/7 news cycle… but hey, given the right subject and a sufficiently stubborn journalist, it can still surpass most of the works of the academic historians... More>>

Regulation: Review Finds NZTA Road Safety Failings

The independent review, carried out by consultant agency MartinJenkins, lists at least 10 reasons for the failures including the agency being focused on customer service at the expense of its policing functions. More>>

ALSO:

Rod Carr: Climate Change Commission Chair-Designate Announced

Climate Change Minister James Shaw has today announced the appointment of Dr Rod Carr as Chair-designate for the Climate Change Commission. More>>

ALSO:

Compliance Complaints: 'Putting Right' Holidays Act Underpayment In Health

The Government is putting right a decade’s worth of underpayment to nurses, doctors and other health workers, says Health Minister Dr David Clark. More>>

ALSO:

IPCA: Disasterous Police Pursuit, Excessive Use Of Dogs

At no stage did Police follow the correct procedure for the commencement of a pursuit... A Police dog handler used his dog to help with the arrest of two of the young people. One suffered injuries resulting in his hospitalisation, and the Authority found that the use of the dog was an excessive use of force. More>>

ALSO:

‘Hard Place To Be Happy’: Report On Youth Residential Care

Children’s Commissioner Andrew Becroft says the report, A Hard Place to be Happy, contains important challenges from children and young people, aged 9 to 17, about their experiences in care and protection residences. “I found this report extremely difficult to read, and I think most New Zealanders would too.” More>>

Africa And Middle East Refugees: 'Family Link' Restriction Removed

The founder of the Double the Quota campaign has applauded the coalition government for Friday’s announcement that a discriminatory policy would be removed. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels