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Controlled demolition topples South Canterbury

Tuesday 16th of November 2010

"My conclusion is that there was a controlled demolition of SCF on a timetable that suited the government," Green said.

"They wanted to get control so that it could be dismantled quickly or, rather, it could be liquidated on a convenient timetable."


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Green claims the August 31 announcement that SCF had been placed into receivership was timed to be nowhere near an election as taxpayers had to fund the $1.6 billion bailout of SCF through the government guarantee scheme.

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