Kia ora anō tātau katoa We’ve had a bit of a long break here, and there’s quite a lot to update. The NTST Trustees’ bi-monthly hui was held last Thursday 27th June 2013. The letters from both our Beneficiaries’ Action Group, and members of the Niao whanau, were tabled at that hui. The reported outcome is that WE will all receive NOTICE of the Trustees’ decision that ALL beneficiaries are to re-register, AND, the respective parties to the two letters tabled will also receive replies. The Chairperson of NTST, Graham Te Rire, (Pātio) who is also a Director and shareholder of NTHL, will meet with those parties to try to resolve concerns referred in the two letters. It is now a matter of waiting for those correspondences to reach us all, which will be the ultimate confirmation. We all need to be very vigilant of the TRUE motives for yet another move to, AGAIN, RE-REGISTER ALL BENEFICIARIES. It is reported that in this “cleansing exercise” (tribal cleansing) there will be a register for beneficiaries who are eligible to vote (the VOTING beneficiaries), and those deemed NOT ELIGIBLE to vote (the NON-VOTING beneficiaries). I understand that culling will be at the sole discretion of the NTST Trustees – those 7 people will determine which “paddock” we all get sorted into, like the sheep that get “fleeced” at shearing time. This seems to be a power and control pattern with NTST. An outcome of that is some beneficiaries will object to this repeated “abuse” by over-paid Trustees who obviously have the greatest difficulty properly managing a record as basic as The Beneficiaries’ Register. And because they’ve made a MESS OF IT, we all have to be penalised and “mucked around” at their discretion. How much longer are we going to tolerate this nonsense? We’re in a quandary because if we DON’T re-register we will be denied entry to the AGM, and, if we do register we are validating the dictatorial violation of our whakapapa by poorly performing Trustees who forget WHO put them there after they are elected. We have to question risks of ulterior motives as well, not to mention that these seven representatives have chopped and changed our histories and whakapapa, due largely to their own inadequacies. The Trustees’ attitude is – WE ARE THE BOSSES AND WE WILL DO WHAT WE LIKE BECAUSE THIS IS A PĀKEHA TRUST INSTRUMENT, NOT A MĀORI ONE. That also smacks of manipulative oppressive inducements to deny beneficiaries entitlements by identifiable junta Trustees. When the notice for re-registration is received we will call a Beneficiaries’ Action Group hui to decide how we should approach our meeting with the NTST Chairperson. I am told that the Trustees decision is that the parties to the letter are to meet with the Chairperson and the lawyer ONLY, who will then report to the other Trustees at the next Trustees’ hui to be held at end of August 2013. Is this a time delay tactic to manipulate WHO they wish to be elected as Trustees? August 2013 is two months after the end of 2012 to 2013 Financial Year, which ended yesterday 30th June 2013. By end of August the Annual Accounts for this recently ended trading year should be completed in preparation for the 2013 AGM. That is the expectation of structural and best practice efficiencies. However, we have not seen any evidence of that in past AGMs. Instead we get notice that we may view the Annual Accounts 2 days before the AGM, and only when we arrive at the actual AGM do we get a glossy material record of NTST, and ONLY SOME of the Financials of the Ngati Tuwharetoa Holdings Limited Group of companies, including NTGA. I have seen this kind of shock treatment reporting, mismanagement and mistreatment of beneficiaries in the Savage Whanau. Such practice expects adversely affected beneficiaries to take it all lying down because there is a complex web of deceit woven by Rae Beverley Adlam and others in that family, which has had, and continues to have, devastating impact on those Land Trusts’ beneficiaries. The unfortunate TRUTH is, that same fraud, theft and dishonesty, and the unethical practices designed to deny full disclosures, has already infiltrated the iwi structures in 2005, in which Adlam had, and continues to have, a significant involvement. In particular, from May 2005 to May 2006, Ms Adlam, while acting in the positions of – 1. Trustee and Chairperson of Ngati Tuwharetoa BOP Settlement Trust (NTST); 2. Director and Chairperson of Ngati Tuwharetoa Geothermal Assets Limited (NTGA) ABUSED those positions, conjointly, with positions she held in a personal capacity, of – 3. Trustee of Savage Papakainga Land Trust formed by her in 1984 4. Director and Chairperson of Onepu Geothermal Energy Limited (OGEL), which she proposed in 1990, then, incorporated in 1995 5. Sole Director and sole shareholder of Geothermal Developments Limited (GDL) which she incorporated on 1st June 2005; to defraud both the iwi and Trust, to shift wealth generating assets to companies she totally controlled, then OWNED, for her huge personal gain. This web of deceit was enabled by – A. Identifiable members of the Savage Whanau supporting her without question. B. The death of her Uncle Shuki Savage, in January 1999, after which Adlam took over the NTST Treaty claims negotiations. She then continued a grand plan to shift assets for her huge personal gain using the iwi. C. Her ABSOLUTE REFUSAL to disseminate information. BY NOT sharing information she was able to cover-up her dishonesty, then, proceeded to brutalise and abuse the rightful beneficiaries who, because she denied them of all information, were not in a position to put up a defence or a cohesive challenge. Adlam then fraudulently stole from them using the iwi as the vehicle to do so for her huge personal gain. We have evidence that she INTENTIONALLY withheld information by instructing high powered people to refuse requests for information from the Trustees and the beneficiaries of Trusts she disadvantaged for her huge personal gain. It was her greed motivated way to become filthy rich by ripping-off those for whom she was acting in a fiduciary role – a Trustee. What’s even more daunting is, by that absolute DENIAL of information she made it very difficult for those Trustees and beneficiaries to uncover and expose her fraud, theft and deceit. By the time it was uncovered the time lapse had devalued it, however, criminal charges can still be laid against her. It was very long and arduous time and labour to piece her web of deceit together. One has to hand it to her – she is such a master manipulator. D. Her practice of secretly setting-up limited liability companies of which she is the only person who knows of those companies and the function of each. E. Her failure to declare several conflicts of interests. . Crossed loyalties – Adlam is adept at hand-picking those who will aid her in deception and conspiracies TO DEFRAUD. These hand-picked few are also beneficiaries ripping-off beneficiaries who are supported by her instructions to high powered predominantly PĀKEHA professionals – lawyers, engineers, consultants and others. We saw the risks of those practices happen at last year’s AGM with the VERBAL ONLY REPORTING, supported by a power point that was flashed in our faces momentarily, when the external professional, Pat Brown, of Strettons’ TAUPO, reported the financial activities of Ngāti Tūwharetoa Geothermal Assets Limited (NTGA). He told those at the AGM last year that NTGA was the most lucrative earner, AND YET, he reported it VERBAL ONLY and the seven Trustees allowed him to do so. At the end of his presentation it was almost passed-off as the Financial Report until I asked if we were going to have opportunity to discuss that which was in the glossy material Annual Report. Only then, did we get that opportunity. I will soon grace these pages with a timeline to show how Adlam’s grand plan conspiracy of involving the iwi structure she managed and controlled, NTGA, to STEAL the KA24 geothermal well for her huge personal gain was accomplished. NTGA held the KA24 well in trust for the rightful owner, but Adlam already had plans to shift it for herself, knowing, of the potential profit she would make from it. In doing so, Adlam has put both the IWI, and the integrity of the Treaty of Waitangi historic grievance claims settlement procedure, into disrepute. As it stands the iwi can be sued for damages, in particular, because the iwi structure enabled the fraud and theft of KA24 geothermal well which it held in Trust for the rightful owner. By that fraud and theft, using the iwi as the VEHICLE to do so, Adlam went on to profit over $10 million, which is more than what the iwi received in cash compensation for its Treaty claims. Since the time when that fraud and theft was inflicted in 2003 to 2006, in particular, we have seen other unethical practices emerging in the iwi, such as – (i) Denial of, or making it difficult to obtain, a copy of the Trust Deed, which should be issued on request by beneficiaries, without question. (ii) Verbal only reporting of the most lucrative earner of the NTST owned companies – NTGA. In my experiences with Adlam’s oppressive management tactics that is INEXCUSABLE HIGH RISK. (iii) Retaining Adlam as Trustee and Director in spite of her 24 dishonesty criminal convictions. (iv) Irregularities in the elections of Trustees. (v) Security guards and professional persons’ presence at the AGM without prior notice to beneficiaries. (vi) Inadequate notice for issuing of the Annual Report, which denies beneficiaries satisfactory time to appreciate and prepare questions for the AGM. (vii) Failure to update / review the TRUST DEED. (viii) Failure to meet legal compliance in accordance with the TRUST DEED and COMPANY CONSTITUTIONS. There are others. These disempowerment of beneficiaries tools and tactics must be strongly challenged and eradicated before it escalates into the mind boggling trail of destruction that Rae Beverley Adlam has already inflicted for reasons of “feathering her own nest” by oppressive subjugation of beneficiaries. If, as reported, we are to meet with the NTST Chairperson and the lawyer, we must expect for the beneficiaries to also have an independent lawyer present if that lawyer is the long standing friend and business associate of Rae Beverley Adlam, Mr. Graham Harford. We must be wary that Mr. Harford is the person who wrote the TRUST DEED AND THE COMPANY CONSTITUTIONS in accordance with Rae Beverley Adlam’s instructions. If we are to have a lawyer present in support of the NTST Chairperson, then, in fairness, the beneficiaries should also be provided opportunity to appoint independent legal representation at these mediation forums. The Trustees, have, after all, given us grounds not to trust them, particularly, Rae Beverley Adlam. This is serious conflict resolution which must be fair and just to all concerned. Mauri ora tātau katoa.
Posted on: Mon, 01 Jul 2013 03:23:42 +0000
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