Feb 17, 2008

Time For A Probe Into Blue Chip

Fran O'Sullivan is having a good weekend. Following yesterday's excellent piece on the growing Owen Glenn scandal she today turns her attention in the Sunday Star Times to the Blue Chip collapse.

The Securities Commission and the Serious Fraud Office should probe the statements made by telemarketers and other professionals allegedly acting on behalf of the Blue Chip structured residential property investment group of companies and franchises.

What's going down should clearly have sprung red alerts among New Zealand's corporate enforcement agencies but there's little sign yet of an energetic response from the relevant authorities.