Post #2848137
2026-05-25 22:25 UTC
Update: Almost 12 months have passed since the Environment Court ordered Samnic directors to clean up their Gisborne forestry mess.
Remember the 80 or so investors who each lost $50k after being promised a $1m return? Well the three Samnic directors think those people should pick up the bill for their mismanagement.
Shareholders are saying "Nah!"
Enforcement seems to be a slow process.
https://www.stuff.co.nz/nz-news/360981807/directors-gun-forestry-clean-demand-payment-shareholders
#Samnic #NZ #Environment #Forestry
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