Questions marks surround whether benefits from Crown Regional Holdings investments have been assessed properly.
More than half of their $433 million loan book is now considered at risk of —or currently in— default.
Most of the portfolio covers the Provincial Growth Fund and the current Regional Infrastructure Fund.
Infrastructure NZ Chief Executive Nick Leggett told Mike Hosking we've got to keep demanding accountability from these investments.
He says we need to better understand why these investment decisions have been made.
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The Mike Hosking Breakfast