15 Aug 2019

Further questions over ANZ house sale

From Morning Report, 7:48 am on 15 August 2019

An ANZ shareholder is raising further questions about the sale of an Auckland residential property to the bank's former chief executive David Hisco and his family.

KiwiSaver provider Simplicity, which owns a minor stake in ANZ, says an independent valuation shows the ANZ-owned house that was sold to Mr Hisco's wife for $6.9m, was in fact worth closer to $11m.

Simplicity's chief executive Sam Stubbs spoke to Corin Dann.