Stuff: Govt ‘won’t act’ on Hubbard complaint

Hubbard investors’ complaint to the Government has failed to bring any action.

The Investor Liaison Group had complained to Commerce Minister Craig Foss and Attorney-General Lyn Provost about the conduct of statutory managers Grant Thornton.

The group hoped the complaint, which was signed by 230 investors, would prompt the Government to find an appropriate solution for all investors, while picking up the tab for management and legal costs, which have reached $12 million.

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