MEDIA RELEASE - ALL VICTIMS
Unacceptable Financial Activities Inc Soc)
In the catastrophe of the Finance company collapses the misconception of the availability of legal aid is proven.
Legal aid is freely available and FREE to criminals who have no assets, but for anyone with assets or who achieve compensation, Legal aid is just a loan if available under its criteria. It is not readily granted to the deserving and often applications are declined.
This dysfunctional system means the government will have to come up with a system that will provide all investors, their human rights, of an effective remedy, especially if the investors are victims of crime and the directors are found to have been criminal in their dealings. How could investors have seen covered up crimes and that misrepresentations were happening and then be held responsible for the decisions they made to invest? The accusations of investors exposing themselves to risk for higher return is simply out of line and comes from the ill informed. The new initiative for the future does nothing for the victims of the current crisis. Lack of recourses from the courts down and the failure by the Policing bodies must be rectified to ensure justice is served to the Kiwi savers of New Zealand who have lost their savings as a result of the current nightmare.
Most people are not eligible for legal aid and many law firms don’t work with the scheme, which in its self is discrimination. People who have lost their life savings or what is left is frozen, taking legal action still remains impossible and the courts are overloaded and not coping.
Coordinator of EUFA Suzanne Edmonds said today. “Legal Aid is so misunderstood in New Zealand and is not available to protect victims. Victims fundamental human rights are ignored yet the perpetrators bleed this system and any other system they can”
All investors have multiple avenues for claims from the Trustees through to the financial advisors. A decisive, swift and effective manner to reach a just resolution for all victims is essential.
Mrs Edmonds Said “While the Victims all WAIT, the time they say heals will actually kill ”.