Canterbury Earthquake Recovery Authority’s (Cera) staff employed to bring investment to Christchurch set up their own company through which investors would pay them a fee on private property deals, a Stuff investigation has found.
The senior public servants were employed by the Cera investment facilitation team, but at the same time had their own company which offered investors property proposals in the hope of earning a large finder’s fee.
The private dealings have emerged in relation to the sale of the damaged Youth Hostel Association (YHA) building at 273 Manchester St in late 2014.
Emails and company documents show three Cera staff working for the investment team – Murray Cleverley, who was manager of the Greater Christchurch Investment Strategy, and two investment facilitators, Gerard Gallagher and Simon…
View original post 1,122 more words