How Winston's slush fund works
Having failed to find a flow chart of the slush fund trail I've made one myself. Other as yet unknown characters and intermediaries are in the mix too - it's complicated. I suspect multiple trusts are involved and that Winston's lawyers are behind them. If you go to that website you will discover that structuring deals is what these guys do. And suing people is what Winston does so I can't make any bald assertion beyond the chart [click on image for full-size].
Wayne Peters is keeping quiet, but says he does administer the Spencer Trust. WInston denies everything:
The allegations have been baseless.
1. The Glenn contribution went to my barrister Brian Henry. As soon as I learned of it I informed the Prime Minister and alerted the media.
2. The issue of taxation on this contribution is without merit. Legal experts have said so.
3. No gift duty is payable. Gift duty is based on the laws of the country where the donor is domiciled.
4. No declaration of pecuniary interest is required. This was made clear by the official advice given to Nick Smith as he revealed in the House this week.
5. The Vela cheque is lawful.
6. The Robert Jones claim that he gave $25,000 to New Zealand First?
The cheque was made out to the Spencer Trust.
The cheque was not made out to New Zealand First.
I have been advised by party officials at the time that there is nothing New Zealand First is required to disclose arising from the Spencer Trust.
7. Neither I nor my barrister has any involvement with the Spencer Trust.
8. The claim that the 1997 Cushing case settlement of $125,000 was paid by an anonymous donor is untrue. I paid the costs and have offered to show the reporter in question the details. This offer has not been taken up and no withdrawal of the claim has been published.
There are still many outs left for Winston. The evidence that he is involved had to be non-existent for the deals to work properly. Only problem is Sir Bob Jones isn't playing the game. He says Winston solicited the money directly and in person - Winston says no. But who believes him?