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Lines and wines - a twisted tale Newsroom 16/12/2020 © Provided by Newsroom
The saga of Marlborough Lines and Yealands Wine involves legal action, a raid, secrets, lies, falsified documents, and millions in community money. This is what happened.
What do a Marlborough utility company and a vineyard with a spotty past have in common?
Possibly, it could be argued, too much. Industries like wine do attract people because of the glamour, but actually it can be an extremely difficult industry to make money in,” says the
New Zealand Herald s Wellington Business Editor Hamish Rutherford.
He s talking about his investigation into Marlborough Lines and Yealands Wine saga, and what happened when the utility company spent tens of millions on such an unlikely investment.
Possibly, it could be argued, too much. Industries like wine do attract people because of the glamour, but actually it can be an extremely difficult industry to make money in,” says the New Zealand Herald s Wellington Business Editor Hamish Rutherford.
He s talking about his investigation into Marlborough Lines and Yealands Wine saga, and what happened when the utility company spent tens of millions on such an unlikely investment.
Today, Rutherford tells The Detail why a local business advisor, David Taylor, is taking court action against the trustees of Marlborough Electric Power Trust, the owner of Marlborough Lines, over the 2015 purchase of Yealands Wines.