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How the taxpayer spent $52 million buying into a loss-making mussel farm

Matt Nippert
By
Business Investigations Reporter·NZ Herald·
9 mins to read
How the taxpayer spent $52 million buying into a loss-making mussel farm
How the taxpayer spent $52 million buying into a loss-making mussel farm

Shane Jones convinced Cabinet to tip another $16.5 million into a mussel farm in Ōpōtiki despite it having made losses every year of its existence and being in breach of banking covenants for three years.

Whakatōhea Mussels Ōpōtiki (WMOL) is one of the largest claimants from the

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