Hanover Fails Investors

EUFA members are not surprised of Hanover's inability to meet their commitments to their investors. EUFA predicted publically last year that this would happen in the first year. The writing was on the wall. No one has listened at the highest level of Government or authorities.

EUFA call for statutory management immediately and believe the Minister of Commerce has a duty to step in today. EUFA members question why the government has been so stand offish on this issue.

Suzanne Edmonds, coordinator of EUFA said from Tauranga today "The government must get involved. Our organization can no longer prop up the emotional and financial devastation that this effect is having on investors"