Labour have released their much vaunted ‘neutron bomb’ against John Key:
John Key faces accusations of misleading the public about his knowledge of one of New Zealand’s most notorious white collar crimes.
The allegations centre around the so-called H-Fee – two payments totalling A$66.5 million to Equiticorp funnelled via sham foreign exchange transactions in 1988 – and an interview Mr Key gave the Herald last year.
The timing is most felicitous – this kicks Peters off the front page and will likely keep John Key on there for the rest of the campaign. Whether Mr Key comes out of this alive or not depends in part on how he responds to the allegations. Remember boys, its not the crime that kills you – its the cover-up.
As far as Labour are concerned, they’ve been rubbing their hands and gloating about this for a while – it had better work. They’re so far behind in the polls that if Key simply blows this out of the water – as he’s done with a couple of other Labour smears – they will look pathetically desperate.