Bank of Portugal said it analysed the appeal closely with the assistance of an external consultant.
Fund execs grilled by Select Committee.
The Greens and Labour were at the front of critics who attacked the fund for “losing” taxpayers’ money.
Super Fund chief executive Adrian Orr says the fund has written down its investment in Banco Espirito Santo to zero pending legal action.
The Greens' call for the NZ Super Fund to sell its coal, oil and gas shares would cause substantial damage.
As at Dec. 31 2014, capital contributions not made totalled around $11.68 billion.
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