Shipley discloses Mainzeal role to China Construction Bank

Mon, 29 Apr 2013

April 29 (BusinessDesk) – Former Prime Minister Jenny Shipley has disclosed her role at the failed Mainzeal Group to China Construction Bank, the world's second-biggest lender by market value, where she is a director. The Chinese lender said Shipley had notified it that she had served as chairman and independent director of the group which was put in receivership on Feb. 6 and liquidation on Feb. 28. “Based on information available to Dame Jenny Shipley the total amount involved in the liquidation of Mainzeal has not been finalised as at the...

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