Aupouri Maori Trust Board insolvent, but not fraudulent, inquiry finds

Thu, 17 Dec 2015

By Paul McBeth Dec. 18 (BusinessDesk) - A Ministerial-ordered inquiry into the financial woes of Aupouri Maori Trust Board has cleared the entity of any misdoing, though confirmed its insolvency. Maori Development Minister Te Ururoa Flavell has directed the trust's board to meet its financial reporting obligations after EY partner Grant Taylor's investigation into the body "found no evidence of fraud or mismanagement," but confirmed it was insolvent, Flavell said in a statement. He encouraged the board to work closely with Te Runanga...

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