1 00:00:05,640 --> 00:00:08,760 Speaker 1: Kielda. I'm Chelsea Daniels and this is the Front Page, 2 00:00:09,200 --> 00:00:17,000 Speaker 1: a daily podcast presented by the New Zealand Herald. The 3 00:00:17,040 --> 00:00:20,880 Speaker 1: government stepped in on Auckland apartment developer the Deval Group, 4 00:00:21,239 --> 00:00:26,400 Speaker 1: placing it in statutory management. This follows Devial Capital Partners 5 00:00:26,400 --> 00:00:30,319 Speaker 1: and related companies being placed into intim receivership by the 6 00:00:30,400 --> 00:00:33,559 Speaker 1: High Court earlier this month with a police raid on 7 00:00:33,640 --> 00:00:37,720 Speaker 1: the home of company founders Kenyon and Charlotte Clark. About 8 00:00:37,720 --> 00:00:42,880 Speaker 1: one hundred and twenty investors have put money into the entities. 9 00:00:43,920 --> 00:00:47,840 Speaker 1: So what do these moves mean for investors and how 10 00:00:47,960 --> 00:00:52,720 Speaker 1: unprecedented is this level of response? Today on the front Page, Herald, 11 00:00:52,760 --> 00:00:56,320 Speaker 1: property editor An Gibson joins us to walk us through 12 00:00:56,440 --> 00:00:59,960 Speaker 1: what happened and who was pulling the strings at Deva 13 00:01:05,640 --> 00:01:09,720 Speaker 1: and what is the Deval Group, what was their focus 14 00:01:09,760 --> 00:01:12,000 Speaker 1: and how many entities was it made up of. 15 00:01:12,560 --> 00:01:16,720 Speaker 2: This company is a relatively complex group with about seventy 16 00:01:17,000 --> 00:01:23,399 Speaker 2: entry tees. It is essentially an Auckland apartment and townhouse developer. 17 00:01:24,040 --> 00:01:27,440 Speaker 2: Now on its website it said it had settled the 18 00:01:27,520 --> 00:01:30,880 Speaker 2: sale of seven hundred and seventy four homes in the 19 00:01:30,959 --> 00:01:35,160 Speaker 2: last six years and it has two hundred and seventy 20 00:01:35,200 --> 00:01:41,360 Speaker 2: eight homes under construction are those are mainly apartments as well? 21 00:01:42,240 --> 00:01:47,760 Speaker 2: It has what their Commerce and Consumer Affairs Minister Andrew 22 00:01:47,800 --> 00:01:51,240 Speaker 2: Bailey told us yesterday one hundred and twenty to one 23 00:01:51,360 --> 00:01:56,920 Speaker 2: hundred and fifty investors, home buyers and commercial lenders. 24 00:01:57,240 --> 00:01:59,320 Speaker 1: What more can you tell us about the people behind 25 00:01:59,480 --> 00:01:59,960 Speaker 1: this group? 26 00:02:00,320 --> 00:02:04,160 Speaker 2: Well, essentially there were four people according to the Devail business. 27 00:02:04,200 --> 00:02:07,920 Speaker 2: Now the first show are the founder's husband and wife, 28 00:02:08,000 --> 00:02:12,480 Speaker 2: Charlotte and Kenyon Clark. She's the CEO, he's the former CEO. 29 00:02:13,160 --> 00:02:16,600 Speaker 2: Then we have John Delzel. Now he's had many years 30 00:02:17,040 --> 00:02:22,600 Speaker 2: experience in the Auckland property market and he was Auckland 31 00:02:22,639 --> 00:02:27,200 Speaker 2: Council's waterfront regeneration project here that was see in city 32 00:02:27,680 --> 00:02:31,200 Speaker 2: were the real focus on the Winyard Quarter many years ago. 33 00:02:31,400 --> 00:02:34,760 Speaker 2: And he's the chairman of Deval. And then we've got 34 00:02:34,880 --> 00:02:38,440 Speaker 2: a lawyer on Culiny he's also a director. 35 00:02:39,000 --> 00:02:43,440 Speaker 1: Kenyon and Charlotte Clark seem like they were quite high flyers, hey, 36 00:02:43,639 --> 00:02:45,880 Speaker 1: or at least they were trying to portray that image. 37 00:02:45,880 --> 00:02:48,799 Speaker 1: Weren't they filming a reality show about themselves or something? 38 00:02:49,120 --> 00:02:53,120 Speaker 2: Yes, this show is called The Property Developers and one 39 00:02:53,240 --> 00:02:57,720 Speaker 2: season is evidently made. It is a number of parts, 40 00:02:57,760 --> 00:03:00,680 Speaker 2: and there was talk about a second season being made. Now. 41 00:03:01,040 --> 00:03:03,560 Speaker 2: For some years The Herald has reported on the property 42 00:03:03,600 --> 00:03:06,280 Speaker 2: developers and you can see a trailer online which is 43 00:03:06,360 --> 00:03:10,320 Speaker 2: most interesting. It has never scrammed. But when I talked 44 00:03:10,480 --> 00:03:16,079 Speaker 2: to the person behind that in Queenstown about a week ago, 45 00:03:16,280 --> 00:03:20,240 Speaker 2: he said that he was hoping to secure distribution to 46 00:03:21,000 --> 00:03:26,440 Speaker 2: an international business and he has previously mentioned Netflix and 47 00:03:26,800 --> 00:03:30,080 Speaker 2: Neon and the likes of those sorts of businesses, but 48 00:03:30,200 --> 00:03:32,760 Speaker 2: we've never yet seen it. He did tell me that 49 00:03:33,240 --> 00:03:36,200 Speaker 2: it's more likely to be shown overseas before it's shown 50 00:03:36,240 --> 00:03:37,000 Speaker 2: in New Zealand. 51 00:03:37,480 --> 00:03:40,120 Speaker 1: Right, is it some kind of selling Sunset esque kind 52 00:03:40,160 --> 00:03:41,720 Speaker 1: of thing. I don't know whether you watch that or not. 53 00:03:42,360 --> 00:03:45,280 Speaker 2: It's a reality sort of behind the scenes of what 54 00:03:45,440 --> 00:03:48,080 Speaker 2: is the life of a property developer, and so it 55 00:03:48,160 --> 00:03:51,760 Speaker 2: is a reality serious where the clerks are shown and 56 00:03:51,800 --> 00:03:54,400 Speaker 2: their children are shown. They're filmed in different parts of 57 00:03:54,440 --> 00:03:57,880 Speaker 2: New Zealand and it looks pretty amazing. It'd be really 58 00:03:57,920 --> 00:03:59,720 Speaker 2: interesting to see it. I look forward to it. 59 00:04:01,280 --> 00:04:04,800 Speaker 1: I'm really concerned that there are some pretty serious issues 60 00:04:04,800 --> 00:04:06,680 Speaker 1: with it. Do you know what I actually need to 61 00:04:06,680 --> 00:04:09,520 Speaker 1: call my lays. It was kind of funny. But if 62 00:04:09,560 --> 00:04:13,800 Speaker 1: he's putting this up publicly, I mean, this is just 63 00:04:13,880 --> 00:04:16,240 Speaker 1: this week's problem. Let's just say that I think that 64 00:04:16,279 --> 00:04:22,360 Speaker 1: we basically just burned a million dollars. The company's troubles 65 00:04:22,440 --> 00:04:26,320 Speaker 1: first became public earlier this month. Why did they come 66 00:04:26,360 --> 00:04:28,839 Speaker 1: to the attention of the Financial Markets Authority? 67 00:04:29,160 --> 00:04:32,160 Speaker 2: Is it dates back to twenty twenty one when the 68 00:04:32,279 --> 00:04:36,599 Speaker 2: FMA talked val to remove advertising for a mortgage fund. 69 00:04:36,640 --> 00:04:39,760 Speaker 2: It was about twenty million dollar fund, and the FMA 70 00:04:40,000 --> 00:04:44,200 Speaker 2: basically said that that advertising gave the impression to people 71 00:04:44,240 --> 00:04:48,280 Speaker 2: it was low risk. But Kenny Clark said in response 72 00:04:48,680 --> 00:04:51,480 Speaker 2: that there hadn't been anyone who had complained and I 73 00:04:51,600 --> 00:04:56,040 Speaker 2: had raised twenty million dollars via that mortgage offer. So 74 00:04:56,120 --> 00:04:58,480 Speaker 2: that was the first time that we still began to 75 00:04:58,560 --> 00:05:02,960 Speaker 2: realize that there was action by the Chrome Authority against 76 00:05:03,160 --> 00:05:03,920 Speaker 2: Jevail Group. 77 00:05:04,360 --> 00:05:07,560 Speaker 1: Take us through the events on August second, when these 78 00:05:07,600 --> 00:05:11,840 Speaker 1: actions became public and the group was put into interim receivership. 79 00:05:12,080 --> 00:05:15,120 Speaker 2: So well, that's when the FMA announced that three accountants 80 00:05:15,120 --> 00:05:19,560 Speaker 2: of Peter Receiver, interim receivers and managers of sixty four 81 00:05:19,640 --> 00:05:24,320 Speaker 2: deval entities so there's a companies as well as partnerships, 82 00:05:24,520 --> 00:05:29,240 Speaker 2: and also they had control over Kenyon and Charlotte Clark. 83 00:05:30,000 --> 00:05:34,039 Speaker 2: And so the FMA had said it had been to 84 00:05:34,279 --> 00:05:38,680 Speaker 2: the court to have that appointment made. Although there had 85 00:05:38,800 --> 00:05:43,080 Speaker 2: been a number of actions by the FMA against Deval, 86 00:05:43,440 --> 00:05:47,000 Speaker 2: and Deval had challenged at least at one of those, 87 00:05:47,680 --> 00:05:50,480 Speaker 2: this was the first time on August two when we 88 00:05:50,839 --> 00:05:55,480 Speaker 2: realized the quite serious nature of what was occurl. 89 00:05:56,120 --> 00:05:58,520 Speaker 1: Do we know why police were involved in showing up 90 00:05:58,520 --> 00:06:01,159 Speaker 1: at the Clark's house. It seems very unusual in a 91 00:06:01,200 --> 00:06:02,000 Speaker 1: situation like this. 92 00:06:02,560 --> 00:06:06,680 Speaker 2: So my collage John Weeks, went to the police and 93 00:06:06,720 --> 00:06:10,280 Speaker 2: asked why they were involved. We knew that when the 94 00:06:10,400 --> 00:06:15,400 Speaker 2: FMA went to the Clerk's house was the second that 95 00:06:15,480 --> 00:06:18,760 Speaker 2: the police had been there as well. Now the police 96 00:06:18,760 --> 00:06:23,120 Speaker 2: said that no arrests were made, but that they had 97 00:06:23,360 --> 00:06:27,240 Speaker 2: taken custody of several firearms at the property. Now they 98 00:06:27,279 --> 00:06:30,920 Speaker 2: said staff were quired to take custody of those and 99 00:06:30,960 --> 00:06:35,520 Speaker 2: that had been seized as property. One of our photographers, 100 00:06:35,560 --> 00:06:41,320 Speaker 2: Alex Burton, took photographs of police going into this home 101 00:06:41,960 --> 00:06:44,400 Speaker 2: with what appeared to be gun cases. 102 00:06:44,960 --> 00:06:49,200 Speaker 1: A few weeks after that interim receivership. The government intervened 103 00:06:49,279 --> 00:06:53,000 Speaker 1: earlier this week. Can you walk us through the government moves? 104 00:06:53,240 --> 00:06:56,000 Speaker 2: Yes, that was a real surprise as well. There's been 105 00:06:56,160 --> 00:06:59,840 Speaker 2: a number of surprising aspects to this. So the FMA 106 00:07:00,160 --> 00:07:03,640 Speaker 2: confirmed that the Governor General, on the advice of the 107 00:07:03,680 --> 00:07:07,800 Speaker 2: Minister of Commerce and Consumer Affairs, had declared that a 108 00:07:07,880 --> 00:07:11,720 Speaker 2: number of entities within the Duval Group be placed in 109 00:07:11,880 --> 00:07:17,880 Speaker 2: statutory management. Now this is under the Corporations Act and 110 00:07:18,400 --> 00:07:24,920 Speaker 2: statutory management means effectively that one entity, in this case 111 00:07:25,040 --> 00:07:30,000 Speaker 2: PwC and those accountants who are also the receivers and 112 00:07:30,120 --> 00:07:33,720 Speaker 2: the managers of the derail business. As it gets really complicated, 113 00:07:34,120 --> 00:07:39,760 Speaker 2: one entity is in charge. Now. The FMA thought that 114 00:07:40,000 --> 00:07:43,960 Speaker 2: was important to limit or prevent the risk of further 115 00:07:44,040 --> 00:07:49,080 Speaker 2: deterioration in the financial affairs of their businesses or any 116 00:07:49,240 --> 00:07:53,800 Speaker 2: forudulent activity, to preserve the interests of the creditors, and 117 00:07:53,840 --> 00:07:57,600 Speaker 2: to enable the affairs of Duval Group to be managed 118 00:07:57,720 --> 00:08:09,160 Speaker 2: in what the FMA said was a more orderly way. 119 00:08:13,040 --> 00:08:16,520 Speaker 1: What has Commerce Minister Andrew Bailey told you about all this? 120 00:08:17,120 --> 00:08:21,480 Speaker 2: Interview him about this and he said that this was 121 00:08:21,520 --> 00:08:26,960 Speaker 2: a situation where there's great complexity. So he said there 122 00:08:26,960 --> 00:08:31,760 Speaker 2: were three reasons for Cabinet to make this decision. He said, 123 00:08:31,800 --> 00:08:35,559 Speaker 2: this is a large and complex group with several entities, 124 00:08:35,600 --> 00:08:37,719 Speaker 2: and there was a risk and he said it was 125 00:08:37,840 --> 00:08:42,199 Speaker 2: already starting to happen where there could be multiple liquidators 126 00:08:42,240 --> 00:08:45,600 Speaker 2: seeking to enforce their position. So he said it was 127 00:08:45,640 --> 00:08:50,959 Speaker 2: important to bring a process where those liquidations and liquidators 128 00:08:51,000 --> 00:08:54,000 Speaker 2: would cease their actions and somebody could bring about what 129 00:08:54,080 --> 00:08:57,840 Speaker 2: he called a more orderly outcome. And he said there 130 00:08:57,880 --> 00:09:01,079 Speaker 2: had been allegations of miscondo. So he said there were 131 00:09:01,480 --> 00:09:09,280 Speaker 2: essentially three reasons for Cabinet to approve the order in Council. 132 00:09:09,800 --> 00:09:12,800 Speaker 2: He said there was discussion in cabinet about it, but 133 00:09:12,880 --> 00:09:16,720 Speaker 2: he wouldn't reveal to me what that was. But he 134 00:09:16,760 --> 00:09:20,920 Speaker 2: said that he had made recommendations to Cabinet based on 135 00:09:21,000 --> 00:09:23,959 Speaker 2: the advice that he had received. To dat Marston particularly, 136 00:09:24,280 --> 00:09:29,480 Speaker 2: did he see the PwC receiver's report that had gone 137 00:09:29,679 --> 00:09:32,240 Speaker 2: to the High Court at Hamilton. He just said that 138 00:09:32,400 --> 00:09:35,440 Speaker 2: his move was based on the advice he had received 139 00:09:35,480 --> 00:09:38,600 Speaker 2: and that would be no doubt from a reader I 140 00:09:38,640 --> 00:09:41,760 Speaker 2: would expect of that pew SE report, but also from 141 00:09:42,280 --> 00:09:46,640 Speaker 2: documents and advice given to him by the Financial Markets authority. 142 00:09:47,040 --> 00:09:50,600 Speaker 1: How rare is government intervention in a situation like this. 143 00:09:51,200 --> 00:09:54,880 Speaker 2: Well, it hasn't happened according to that Minister's office for 144 00:09:55,280 --> 00:09:59,040 Speaker 2: fourteen years. So when we look back, the office told 145 00:09:59,080 --> 00:10:02,240 Speaker 2: me that it was twenty ten when this occurred. It 146 00:10:02,280 --> 00:10:05,920 Speaker 2: was basically two entities of South Canterbury Finance, which was 147 00:10:05,960 --> 00:10:09,680 Speaker 2: a catastrophic financial failure that was a business that was 148 00:10:09,720 --> 00:10:14,240 Speaker 2: formed by Alan Hubbard and Tomorrow and Orau Finance and 149 00:10:14,320 --> 00:10:17,760 Speaker 2: Hubbard Management were two entities of many that were put 150 00:10:17,800 --> 00:10:19,960 Speaker 2: into statutory management. 151 00:10:22,040 --> 00:10:25,280 Speaker 1: It's the biggest finance company to collapse in New Zealand 152 00:10:25,679 --> 00:10:28,920 Speaker 1: and South Canterbury Finance had been a major source of 153 00:10:29,000 --> 00:10:30,160 Speaker 1: funds for farmers. 154 00:10:30,440 --> 00:10:33,160 Speaker 2: The government has now been forced to step in and 155 00:10:33,240 --> 00:10:36,840 Speaker 2: it will be New Zealand taxpayers who were forced to pay. 156 00:10:36,760 --> 00:10:40,440 Speaker 1: The depositors will get their one point six billion cash 157 00:10:40,600 --> 00:10:42,480 Speaker 1: in their pockets over the next month. 158 00:10:45,400 --> 00:10:51,160 Speaker 2: Also in twenty ten, ideas services to subsidiaries of IHC 159 00:10:52,000 --> 00:10:55,480 Speaker 2: were put into statutory management and so that was when 160 00:10:55,520 --> 00:11:01,599 Speaker 2: the public interest was sort of be preserved and security 161 00:11:01,880 --> 00:11:05,160 Speaker 2: and ownership of assets was involved, and there was great 162 00:11:05,240 --> 00:11:10,200 Speaker 2: complexity in terms of in some cases tracing who owned 163 00:11:10,200 --> 00:11:13,640 Speaker 2: those securities and who owned those assets. So that is 164 00:11:13,679 --> 00:11:16,920 Speaker 2: why the government's sproked back in twenty ten. 165 00:11:17,360 --> 00:11:19,400 Speaker 1: Is it kind of like making sure that there's not 166 00:11:19,520 --> 00:11:20,880 Speaker 1: too many cooks in the kitchen. 167 00:11:21,280 --> 00:11:25,360 Speaker 2: Yes, that's exactly it. When I asked Andrew about this, 168 00:11:25,520 --> 00:11:28,040 Speaker 2: he said it was serious enough for him to take 169 00:11:28,080 --> 00:11:31,600 Speaker 2: the recommendation and seek cabinet approval. Now, what he was 170 00:11:31,600 --> 00:11:34,480 Speaker 2: trying to do is protect the interest of all creditors. 171 00:11:34,840 --> 00:11:36,760 Speaker 2: He said, there are a number of developments and we 172 00:11:36,880 --> 00:11:39,680 Speaker 2: want to ensure it. So he's referring them to Auckland 173 00:11:39,679 --> 00:11:42,840 Speaker 2: Department inter his housing developments, and he told me that 174 00:11:42,880 --> 00:11:46,560 Speaker 2: he wants to ensure that we're possible the government can 175 00:11:46,840 --> 00:11:50,199 Speaker 2: see that those will be completed. And he said, you 176 00:11:50,280 --> 00:11:55,040 Speaker 2: don't go on a journey like this without significant concerns. 177 00:11:55,040 --> 00:11:59,720 Speaker 2: So this is a highly unusual move in a corporate 178 00:11:59,760 --> 00:12:03,880 Speaker 2: set and a highly unusual thing for me to be 179 00:12:04,120 --> 00:12:07,600 Speaker 2: reporting on. I did report on South Canterbury finance and 180 00:12:08,240 --> 00:12:10,960 Speaker 2: what happened at the end of the global financial crisis, 181 00:12:11,000 --> 00:12:13,560 Speaker 2: but haven't seen this for many years. 182 00:12:13,840 --> 00:12:17,880 Speaker 1: We've spoken to landlords and investors who had connections with Duval. 183 00:12:18,520 --> 00:12:20,439 Speaker 1: How have they responded to the situation. 184 00:12:20,760 --> 00:12:24,200 Speaker 2: Well, they are curious. Mainly they want to know what 185 00:12:24,240 --> 00:12:26,920 Speaker 2: the government involvement will mean for them. They have been 186 00:12:26,960 --> 00:12:29,720 Speaker 2: in touch with me. They did ask when this had 187 00:12:29,800 --> 00:12:32,480 Speaker 2: last happened and what I think will happen next. They 188 00:12:32,520 --> 00:12:37,840 Speaker 2: are very concerned. A number of them have significant deposits 189 00:12:37,920 --> 00:12:42,520 Speaker 2: with Duval our wholesale investors others our subcontractors have been 190 00:12:42,559 --> 00:12:45,040 Speaker 2: in touch with me to say that they hadn't been 191 00:12:45,120 --> 00:12:48,760 Speaker 2: paid for quite an extensive period of time and they 192 00:12:48,800 --> 00:12:52,199 Speaker 2: had performed the tasks that they were contracted to carry 193 00:12:52,240 --> 00:12:56,440 Speaker 2: out and they were extremely worried about what would happen now. 194 00:12:56,559 --> 00:13:01,800 Speaker 2: I did ask Andrew Bailey when we would know about 195 00:13:01,840 --> 00:13:06,440 Speaker 2: the upcome for these parties. He said, perhaps the next 196 00:13:06,480 --> 00:13:09,480 Speaker 2: thing that will happen will be that we will see 197 00:13:09,640 --> 00:13:13,280 Speaker 2: pw receivers report. What I hope that will show is 198 00:13:13,720 --> 00:13:16,840 Speaker 2: a list of assets and liabilities. I hope that will 199 00:13:16,840 --> 00:13:21,239 Speaker 2: bring some clarity to this situation. But investors and creditors 200 00:13:21,280 --> 00:13:25,800 Speaker 2: who are concerned at being encouraged to email z Underscore 201 00:13:25,880 --> 00:13:29,160 Speaker 2: Duval at PwC dot com so that will go right 202 00:13:29,200 --> 00:13:33,480 Speaker 2: through to the statutory managers are also the receivers and 203 00:13:33,520 --> 00:13:35,840 Speaker 2: the managers of these juvail entities. 204 00:13:36,200 --> 00:13:39,080 Speaker 1: How long had some of these people been concerned about 205 00:13:39,160 --> 00:13:39,559 Speaker 1: the group? 206 00:13:39,920 --> 00:13:45,240 Speaker 2: There have been concerns raised over some years, so people 207 00:13:45,240 --> 00:13:49,760 Speaker 2: are concerned when they couldn't withdraw their investor funds. Some 208 00:13:49,840 --> 00:13:53,079 Speaker 2: people have been concerned about the completion of their residences 209 00:13:53,320 --> 00:13:56,040 Speaker 2: as well. So people have been in touch with me 210 00:13:56,120 --> 00:13:57,480 Speaker 2: for quite some years about this. 211 00:13:58,120 --> 00:14:01,599 Speaker 1: What does Deval say? It's more for being in businesses. 212 00:14:01,920 --> 00:14:04,840 Speaker 2: Yes, it says it's Jim and Butte's passion for inspiring 213 00:14:04,880 --> 00:14:08,240 Speaker 2: people to build secure financial futures for the next generation, 214 00:14:08,720 --> 00:14:12,800 Speaker 2: and it's doing that through home ownership, investment and wealth creation. 215 00:14:13,080 --> 00:14:17,439 Speaker 2: So they say they take pride in delivering exceptional value 216 00:14:17,559 --> 00:14:22,640 Speaker 2: to support clients aspirations, and that has been previously via 217 00:14:23,040 --> 00:14:26,200 Speaker 2: investments that people have made with the business and returns 218 00:14:26,280 --> 00:14:30,920 Speaker 2: on those and new homes being built principally in South 219 00:14:31,040 --> 00:14:34,520 Speaker 2: and West Auckland, mainly apartments and terraced housing. 220 00:14:34,880 --> 00:14:37,160 Speaker 1: And do we know what will happen from here or 221 00:14:37,200 --> 00:14:39,360 Speaker 1: are we just waiting for that PwC report. 222 00:14:39,680 --> 00:14:43,760 Speaker 2: I would expect that there would be some announcement from 223 00:14:44,160 --> 00:14:48,680 Speaker 2: the Commerce and Consumer's Affairs Minister at some point, an update, 224 00:14:48,880 --> 00:14:52,120 Speaker 2: but he certainly did indicate to me that he thinks 225 00:14:52,160 --> 00:14:55,080 Speaker 2: the release of the PwC report will be quite soon 226 00:14:55,120 --> 00:14:56,280 Speaker 2: and we are all waiting that. 227 00:14:56,800 --> 00:15:04,880 Speaker 1: Thanks for joining us. An. That's it for this episode 228 00:15:04,920 --> 00:15:07,840 Speaker 1: of the Front Page. You can read more about today's 229 00:15:07,880 --> 00:15:11,600 Speaker 1: stories and extensive news coverage at enzied Herald dot co 230 00:15:11,800 --> 00:15:15,720 Speaker 1: dot nz. The Front Page is produced by Ethan Sills 231 00:15:15,800 --> 00:15:20,760 Speaker 1: and sound engineer Patti Fox. I'm Chelsea Daniels. Subscribe to 232 00:15:20,800 --> 00:15:24,520 Speaker 1: the Front Page on iHeartRadio or wherever you get your podcasts, 233 00:15:24,880 --> 00:15:28,400 Speaker 1: and tune in on Monday for another look behind the headlines.