PHOTO: David Hisco
ANZ is refusing to comment on reports it sold a luxury Auckland house at a loss to the wife of its recently departed CEO David Hisco.
The upmarket property at 269 St Heliers Bay Road was reportedly sold to Mr Hisco’s wife, Deborah Walsh, at $6.9 million despite a QV valuation of more than $10 million.
The ANZ has been under pressure to reveal more details of Mr Hisco’s expenses package after he was removed from his position last week by ANZ Chairman and former Prime Minister Sir John Key.
In a statement, Stephan Herrick of ANZ’s Corporate Affairs says: “The bank bought the house when David arrived in New Zealand. The housing allowance that David received as part of his expat arrangements – which was disclosed annually – was offset by the market rent David was required to pay ANZ for the house.
READ MORE VIA TVNZ