We have cowboys in our forests.
In 1993 the Samnic Waingaromia Project was launched with a prospectus offering "Invest $80k... get returns of $1.3m."
The actual return was $27k and the average investor lost $50k on the deal.
Now the same company has appeared before the environment court denying any responsibility for the forestry slash and debris they left behind on a 1,000ha block outside Gisborne.
The court wasn't having any of it.
Samnic must clean up the remaining woody debris and the directors have been held personally responsible for cleaning up the mess.
Karma.
https://www.stuff.co.nz/nz-news/360729581/forestry-directors-held-personally-responsible-cleaning-mess
#NZ #Forestry #Samnic
In 1993 the Samnic Waingaromia Project was launched with a prospectus offering "Invest $80k... get returns of $1.3m."
The actual return was $27k and the average investor lost $50k on the deal.
Now the same company has appeared before the environment court denying any responsibility for the forestry slash and debris they left behind on a 1,000ha block outside Gisborne.
The court wasn't having any of it.
Samnic must clean up the remaining woody debris and the directors have been held personally responsible for cleaning up the mess.
Karma.
https://www.stuff.co.nz/nz-news/360729581/forestry-directors-held-personally-responsible-cleaning-mess
#NZ #Forestry #Samnic
1