By Andrena Jones
About six months ago I got the notion that there was no good reason why Malcolm Turnbull should have gone with copper for our NBN. So I proceeded to look into the companies involved in Turnbull’s NBN to see if the money trail lead back to Turnbull.
First of all I identified the major supplier of the infamous copper wiring, which will need replacement every few years. That company is the Italian owned company Prysmian.
Next I very simply googled ‘Turnbull investments’. In 2015 he opened an investment portfolio with the US Wall Street outfit Vanguard Group, a company which specializes in technology investment. After about 30 seconds I found Prysmian listed as one of their companies. Even if Turnbull has no knowledge of the companies Vanguard has put his money into, if he’s making any returns at all from Prysmian surely it could be a conflict of interest at the very least. Considering the negative impact the inferior technology is having on Australian productivity, and the Australian people, it raises questions. Just as speculation, might this explain why Turnbull, under Abbott, went with copper because, as it needs to be periodically replaced, it offers an ongoing return on investment?
It took me all of ten minutes to research this. Below are the links I found. It’s all out there in black and white. Turnbull has appeared to be incredibly brazen/arrogant about this. You would think that a politician with any political savvy or integrity would have stayed away from Vanguard with its connection to Prysmian. He would know this, you would think. He’s a lawyer. I can’t help but feel that Turnbull believes Australians are incredibly ignorant.
I don’t know much about parliamentary law but can’t help compare this with last week’s much flimsier LNP scandal involving David Gillespie, so I suspect Turnbull is well and truly aware of any potential to break the law. Should he not avoid the perception that he is quite possibly making money by putting Australia at the back of the technology pack, and I’m sure costing Australian businesses plenty in productivity, as well as pissing off anyone who has to use our incredibly slow internet.
We would all hope that our Prime Minister is not profiting from the dodgy NBN. That would be incredibly shameful for the country. However I do feel that this should be investigated.
Links:
http://markets.businessinsider.com/stock/PrysmianAz/company-profile
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