Mascot Finance's Trustee, Perpetual Trust, released a statement late on Friday afternoon saying it was concerned about what Treasury and the Reserve Bank were saying about information they received from Perpetual as part of Mascot's application to the deposit guarantee scheme. Both Treasury and the Reserve Bank declined to comment on the release, and neither acknowledged making comments about Mascot. Interest.co.nz has been unable to contact Perpetual CEO Louise Edwards about the release. Mascot was the first guaranteed financial institution to fail after being granted the Crown guarantee when it was put into receivership earlier this week. Here are links to other recent stories regarding Mascot Finance: Mascot Chairman and director connected to Threepwood developer English asks for guarantee review after Mascot receivership Bernard Hickey talks Mascot Finance with Michael Wilson Here is the release from Perpetual Trust:
Perpetual Trust has written to the Treasury and the Reserve Bank to outline its concerns about what the Treasury and the Reserve Bank are saying about the information they received from the trustee as part of Mascot Finance Limited's application to join the government's Deposit Guarantee Scheme. Perpetual Trust is confident that all relevant information about Mascot's financial position was fully disclosed to the Reserve Bank in December by the trustee and is not responsible for the judgments made by the Reserve Bank and Treasury on that information. Perpetual Trust does not have any further comment to make at this stage.
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