NZ government minister resigns over conflicts of interest ...Middle East

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NZ government minister resigns over conflicts of interest
WELLINGTON: Michael Wood has resigned as a minister of the New Zealand government over multiple conflicts of interest, Prime Minister Chris Hipkins said on Wednesday, reported Xinhua.Hipkins said he was alerted to “additional shareholdings” Wood held in the JM Fairey Family Trust of which he is both a trustee and a beneficiary. The fact was found after Wood’s resignation as the transport minister earlier this month due to controversy over his Auckland airport shares.These new shareholdings raise significant concerns about Wood “not identifying and managing potential and real conflicts of interest,“ Hipkins said, adding that in particular, the trust holds shares in telecommunications companie

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