Prime Minister John Key has been accused of “cultural treason” by Nga Puhi leaders angered by the Government’s proposal to sell state-owned assets.
Nga Puhi leaders hit out at the proposal yesterday at a hui in Whangarei, but the Prime Minister says he cannot understand the opposition to the partial sell-down of assets.
“That’s exactly the proposition we have with Air New Zealand, where the crown owns most of the shares but not all of them. It’s the same situation that Auckland Airport operates under, where a slice of the shares is owned by the council, but not all of them,” said Mr Key.
The Prime Minister hit back at the criticism saying for Nga Puhi leaders to accuse him of any form of treason is "ridiculous", considering Iwi is in a prime position to purchase stakes in the assets.
RadioLIVE