No Team NZ wrongdoing, but record-keeping poor: report

Wed, 26 Aug 2020

Emirates Team New Zealand and America’s Cup Events Ltd have been cleared of any financial wrongdoing, but could have kept better records, according to a report commissioned by the Ministry of Business, Innovation and Employment. MBIE and Auckland Council sought the investigation into the event managers after a whistleblower raised concerns about operational and governance issues at ACE. MBIE suspended payments pending the outcome of the investigation by forensic accounting firm Beattie Varley, having paid $29 million of the $40 million suppo...

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