America's Cup holders Team New Zealand on Tuesday launched a blistering condemnation of the government department in charge of next year's event following an investigation into financial impropriety.
TNZ were cleared of financial wrongdoing in August following an audit of the public funding from the Ministry of Business, Innovation and Employment to America's Cup Events , the body organising the regatta on behalf of TNZ.The team, however, said MBIE had acted inappropriately and in bad faith during the investigation, releasing documentation to substantiate their accusations.
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