Friday, February 13, 2009

Sanlu bankrupted

The end to an expensive exercise in free trade is formalised. NZ $165M will look good on the negative side of the books in this recession.

Or is it the end?

The Fonterra brand has taken a hit as NZ's largest company and about fifth largest dairy company in the world.

I still wonder is there more yet to be divulged. Something just does not stack up with the Fonterra story to date. I cannot believe that a company such supposed expertise and skill in their laboratories and product would have not noticed the goings on.

Someone is being very economical with the truth.

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