Full Independent Inquiry into the actions of the TECT Trustees
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The TECT Trustees have stopped acting in the best interests of the beneficiaries of the Tauranga Electricity Consumer Trust and are proposing to wind up the Trust and compensate the beneficiaries with a fraction of the value of the Trust. The Trustees claim the assets will be used to benefit community projects. If Trustees can suddenly decide to stop serving Beneficiaries and follow a different agenda then this spells disaster for all Trusts in NZ. The TECT Trustees must be stopped and a full inquiry must be held into the actions and the motives of the TECT Trustees.
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