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Sir Douglas Graham to keep knighthood


  • Sir Douglas Graham to keep knighthood

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    The Prime Minister has decided that Sir Douglas Graham will keep his knighthood despite his recent criminal conviction.
    Sir Douglas was one of four Lombard Finance directors convicted of making false statements in a company prospectus.

    All four appealed their convictions, but were rejected by the Supreme Court last week.
    John Key has today announced that after a lot of thought on the matter, he has decided Sir Douglas will keep the Sir in front of his name.
    "I took into account the on-going financial hardship that many Lombard investors suffered as a result of the company's collapse. Many people through no fault of their own have lost some, or all of their future financial security and that is an awful position to be placed in," he said.
    But Sir Douglas' knighthood was given for his leadership role in treaty settlements and his conviction was not related to this, Mr Key said.
    Additionally, it was a strict liability offence, "where dishonest or criminal intent is not required for conviction", and Sir Douglas believed his statements in the company prospectus to be true.
    "New Zealand is a better country today because of the work Sir Douglas did as Treaty Negotiations Minister, and my judgment is that he deserves to retain his knighthood," the Prime Minister said.
    Hon Bill Jeffries and Lawrence Bryant LVO will also retain their honours.
    Around 4400 Lombard Finance investors were owed $127 million at the time of the receivership in April 2008.

    • Corrigenda
      Corrigenda commented
      Editing a comment
      I have written to the UK demanding that Key's decision be overturned. If they were to receive an avalanche of protest letters from Kiwis, it might make them sit up and take notice and take action!!! It costs $2.40 to post an airmail letter. Write to :
      Honours and Appointments Secretariat
      Admiralty Arch South
      London SW1A 2WH.

    • flimflam
      flimflam commented
      Editing a comment
      This is unsurprising but it really shows the value of a knighthood today. It is a slap in the face to many who have received a knighthood though.

      Perhaps we should feel sorry for Douggie really, poor guy has to stay in that flash house and do home detention. Perhaps he could swap with someone in a counsel flat after loosing their life's savings at the hands of these fraudsters and scam merchants? Hold on, this is New Zealand, stay in your flash house Douggie, keep the knighthood, it shows the character of the man as after a conviction like that any honest repentant person would surely seek to resign their knighthood themselves. Not Douggie. There are several words which come to mind - arrogant, so arrogant that his actions are above public opinion. What was it this guy did for a job again, before politics?

    • Corrigenda
      Corrigenda commented
      Editing a comment
      I got a reply from England and as the knighthood was awarded by the NZ Government, it is out of their hands. So, no luck there.
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