Across the World: New Zealand

FM steps aside

New Zealand Foreign Minister Winston Peters has stepped down while allegations of fraud relating to political donations to his party are investigated, Prime Minister Helen Clark said on Friday.

New Zealand's Serious Fraud Office (SFO) has started an investigation into Peters' New Zealand First Party finances, and what happened to donations made to the party by wealthy businessmen.

"It's very clear to me and very clear to him that the appropriate thing is for him to stand aside from his portfolios while the Serious Fraud Office conducts its investigation," Clark told a news conference.

"On that basis Mr Peters has offered to step aside, obviously I have accepted that offer."

Peters has denied any wrongdoing, but made no immediate comment. Clark said she would take over his responsibilities in the meantime.

(China Daily 08/30/2008 page11)