Overseas Investment Office unsure who owns Onetai Station

  • The Overseas Investment Office has admitted it may have lost track of who ultimately owns the Onetai Station farm in Taranaki.

The 1317 hectare farm was sold in 2014, on the advice of the Overseas Investment Office (OIO), to Ceol & Muir, a company established with the help of Panamanian law firm Mossack Fonseca.

The OIO advised ministers in 2013 that Ceol & Muir was “ultimately owned” by Argentinian businessmen brothers Rafael and Federico Grozovsky.



Panamanian law makes the ultimate owner of this stretch of Kiwi coastal paradise “difficult to track”.

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