RADIO NEW ZEALAND: Finance Minister Michael Cullen is demanding an explanation from National leader John Key over his past shareholding interests in Tranzrail.
The Government on Wednesday said Mr Key was a Tranzrail shareholder when he commented publicly on Tranzrail in mid-June 2003.
Mr Key told Radio New Zealand he had sold the shares earlier in the year but National has now confirmed they were sold just a week before he made the comments.
Parliamentary records show that two months before that, John Key asked detailed questions in the House about Tranzrail, when he was still a shareholder.
Dr Cullen says the National leader has misled the public and Parliament, and owes explanation.
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