30 NZ April TONIGHT 2010
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Labour Party leader Phil Goff says there is “absolutely no truth”to claims within the Chinese community that a businessman involved in the controversial buy-up of NZ dairy farms donated nearly $100,000“in cash”to Labour with Goff’s knowledge. The businessman is Jack Chen, an entrepreneur who’s lived in New Zealand since 2002 and who founded the Chinese Business Roundtable Council in New Zealand. Chen, whose website listed the now arrested Yang “Bill”Liu as an advisor, until a TGIF investigation nearly two years ago revealed Liu was a criminal with strong ties to the Labour Party, is himself well-connected to Labour, National and even Act. Chen was prosecuted by Chinese authorities in 2004 and banned from running a company for three years for securities offences, but in that time since he’s been active in New Zealand. Surprisingly, given that he doesn’t speak English according to his staff, Chen managed to convince then Trade Minister Phil Goff to become the official patron of his Chinese Business Roundtable, whose new premises Goff even officially launched 2008. In a letter sent to TGIF Edition, a Chinese community member writes: “Shareholders and investors in Hong Kong are praying New Zealand government [will] not approve the purchase of the Crafar farms and other similar farms by NZ Natural Dairy or companies behind it. “The company does not have money. It needs the media reports and the final [approval] to get more shares out and more $ coming in,” says the correspondent.
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ISSN 1172-4153 | Volume 3 | Issue 59 |
| 30 April 2010
Goff rejects $100K cash donation allegation By Ian Wishart
Dunedin
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Natural Dairy (NZ) Holdings Ltd – a Cayman Islands tax haven registered company with its operational headquarters in Hong Kong, is the owner of a New Zealand based subsidiary NZ Natural Dairy Limited. Jack Chen is a director of the NZ subsidiary. He was, until the start of the year, also an executive director of the parent company back in Hong
on the
INSIDE
Kong. It’s that parent company that appears to be short of cash – it made a substantial loss last year. So what’s the story behind the mysterious dairy farms buy up, the businessmen involved and their ties to high-flying politicians? To understand what happened, first you need a little background. Continue reading
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Massive spill could dwarf Exxon Valdez By Kevin Spear The Orlando Sentinel
ORLANDO, FLA. – If the blown-out well spewing oil in the Gulf of Mexico cannot be stopped until it’s plugged by a relief well, it could spread nearly twice as much crude as the Exxon Valdez, the infamous tanker that created an 11 million-gallon mess more than two decades ago. The driller of the blowout, BP PLC which is an Obama administration ally on climate change, con-
firmed this afternoon that it is worried the spill rate will increase further from its latest estimate of 5,000 barrels, or 210,000 gallons, a day. The British oil company said it would start on Saturday drilling a relief well, which could take 90 days to complete and allow nearly 20 million gallons to escape. The growing oil slick, already more than 160 kilometres long,was expected to hit part of the Mississippi River delta by early tomorrow morning.Spill-response crews are fighting it with floating booms, chemical dispersants, controlled burns and surface skimmers.
Florida authorities remained unsure of any risk to the state but were activating pre-drawn priority lists for the protection of bays, beaches, estuaries and oyster beds along the Panhandle coast. “There’s oil moving in the Gulf of Mexico, and that’s enough for us to mobilize,”said David Palandro, a Florida Fish and Wildlife Research Institute scientist in St. Petersburg. President Barack Obama ordered the heads of the U.S. Environmental Protection Agency and the Interior and Homeland Security departments to
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visit the disaster scene tomorrow, and said he had talked with the governors of the states that could be affected by the spill. The catastrophe amounts to a forceful rebuke of the oil industry’s assertion that it could drill near Florida safely, a claim based in large part on the use of fail-safe valves on the seafloor that are supposed to close manually or automatically in emergencies. For nearly nine days, a fleet of robotic submarines has worked to manually trigger the Deepwater Continue reading