March 07, 2013
Hooks in Mighty River share buy
Mana Party leader Hone Harawira is warning potential buyers of Mighty River Power shares that the privatisation might not be as clear cut as it appears.
The Government has charged ahead with pre-registering buyers now that the Supreme Court has found that selling 49 percent of shares won't prevent it providing suitable redress if the future of the Treaty of Waitangi claims to water succeed.
Mr Harawira says it's a big if, if buyers may not be aware of.
“You can buy shares in Mighty River Power but do they all know that the Māori rights aspect of it has yet to be settled and that their shares are going to be caught up in that relationship. They may actually end up owing money to Māori as a result of the shares that they're buying. I suspect that they don’t know that,” he says.
Hone Harawira says recognition of any Māori interest can't just come out of the Crown's 51 percent.
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