Hon John Key
Prime Minister
28 May 2010 Media Statement
Advice refutes Labour’s conflict allegations
Prime Minister John Key today released legal advice that totally refutes allegations made by Pete Hodgson and the Labour
Party in the last few days.
“The advice from the law firm that established Aldgate, my blind trust, states I don’t have ‘any ownership or other
interest in Whitechapel’, and that it is not correct for Mr Hodgson to claim the assets I did own were ‘transferred’ to
Whitechapel Ltd. They were in fact sold to Whitechapel.
“All this means that I have no beneficial interest in Whitechapel Ltd, which is central to Labour’s claims of a conflict
of interest.
“As I have been saying for the last few days, I utterly refute the allegations made by Mr Hodgson and Labour. They are
nothing more than muckraking and factually incorrect.
“To ensure transparency, I will be providing the advice from the law firm to the Speaker, to support my position and
refute Labour’s privileges complaint against me.
“Clearly, Labour has no response to the Budget and they are resorting in desperation to muckraking. This isn’t the first
time Labour has employed these tactics – we also saw it during the 2008 election campaign.”
Attached: Advice from Taylor Grant Tesiram
ENDS