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Sir Robert insulted and damaged by adviser's writings

An article about former politician and property tycoon Sir Robert Jones was insulting and had the power to damage his business and reputation, the High Court at Wellington was told today.Sir Robert has taken a defamation case against the article's author,

NZPA and NBR staff
Tue, 11 May 2010

An article about former politician and property tycoon Sir Robert Jones was insulting and had the power to damage his business and reputation, the High Court at Wellington was told today.

Sir Robert has taken a defamation case against the article's author, Kapiti Coast investment adviser Chris Lee.

Sir Robert's lawyer, Michael Reed, QC, said the article criticised a contract between Robt Jones Holdings and Robt Jones Investment, Radio New Zealand reported.

The article said the investment company paid 8% of its gross assets to the holding company as a management fee but the fee was actually 8% of its gross income.

Robt Jones Investments was de-listed from the stock exchange in 2007 after it was taken over and re-named Trans-Tasman Properties.

The jury trial is expected to finish on Friday. 

NZPA and NBR staff
Tue, 11 May 2010
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Sir Robert insulted and damaged by adviser's writings
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