7 Apr 2009

Key warns Internal Affairs Minister again

4:10 pm on 7 April 2009

Prime Minister John Key has again had words with his Minister of Internal Affairs, the third time he has done so since questions were raised about a perceived conflict of interest.

Mr Key had reprimanded Richard Worth after he failed to tell him he was connected to a company which stood to gain from a personal trip he took to India as a private citizen.

Mr Key says he did not know Dr Worth was a former director and shareholder in WSD Global Markets, which trades in India, until it was raised in Parliament.

The Serious Fraud Office says it is investigating the Cook Islands based company WSBC and its associated entities, which include WSD Global Markets.

Mr Key says he has made his expectations clear to Dr Worth.

Dr Worth says he did not tell the Prime Minister about the Serious Fraud Office matter because he was told by the SFO there was no cause for concern.

He told Morning Report he is not on a final warning from John Key but has been reminded of the way ministers should behave.

Labour Party leader Phil Goff says the Prime Minister should be demanding clear answers from Dr Worth.