Its time to audit the Ururangi Trust

The books need to be opened and scrutinized at a Tainui charitable trust.

A Tainui tribal charity has spent donations on gambling sprees, junk food, overseas junkets, and luxury-brand shoes while giving nothing back to the tribe.

It is alleged that less than half of 1 per cent of the nearly $15,000,000 donated to the Ururangi Trust ever went to helping needy tribal members.

The trust – associated with Maori king Tuheitia Paki, convicted criminal Rangi Whakaruru, and the notorious Tukuroirangi Morgan – claims to represent low-income families, the elderly, children and youth of the Tainui tribe.

Instead, donations to the trust have been diverted to the personal activities of a select group of individuals, risking damage to the reputation of the entire Tainui tribal group and tribal members.

The trust has spent the money – $15,000,000 – large amounts of which are missing, and have racked up debts totalling hundreds of thousands of dollars.

Since 2008, Tainui tribal donors have been misled into believing that the trust was acting in the interests of the wider Tainui tribe.

While an unidentified spokesman denies that the Ururangi trust is “broke”, it is reported that the trust is seeking an urgent cash injection from tribal donors in order to cover the Maori king’s gambling losses and Rangi Whakaruru’s pile of debts.

Advertisements

2 Comments (+add yours?)

  1. hoha
    Dec 23, 2013 @ 22:16:09

    This shit is bullshit. Why isn’t the tribe doing anything about the poor the homeless? They want to spend all Tainui $$$ on the Ruakura project that were not going to make money off until 40years time. STUPID EXECUTIVES. !!

    Reply

  2. Trackback: Maori king fixes up Te Kohanga Reo? | The latest Tainui news from Eraka's Blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: