Delta land purchases to be investigated

Full coverage in tomorrow's ODT.
Full coverage in tomorrow's ODT.
Delta's decision to buy land at Jacks Point, in Queenstown, and Luggate is to be investigated by the Office of the Auditor-General, it has been confirmed.

A statement from the Auditor-General, released this afternoon, confirmed an inquiry would be conducted, following a request by Dunedin Mayor Dave Cull.

It would examine Delta's decision to buy land, including consideration of risks and compliance with legislation including the Local Government Act 2002 and Companies Act 1993.

The probe would also scrutinise the identification and management of any conflicts of interest, consultation with, or the involvement of, the Dunedin City Council, and any other matters considered desirable to report on, the statement said.

Delta, a council-controlled organisation (CCO) made the land purchases in 2008 and 2009, but last month confirmed a $7.5 million write-down in the value of the investments.

Add a Comment

 

drivesouth-pow-classic-2.png

Our journalists are your neighbours

We are the South's eyes and ears in crucial council meetings, at court hearings, on the sidelines of sporting events and on the frontline of breaking news.

As our region faces uncharted waters in the wake of a global pandemic, Otago Daily Times continues to bring you local stories that matter.

We employ local journalists and photographers to tell your stories, as other outlets cut local coverage in favour of stories told out of Auckland, Wellington and Christchurch.

You can help us continue to bring you local news you can trust by becoming a supporter.

Become a Supporter