14 March 2007

Minister for Ageing Santo Santoro has stated that he overlooked shares worth $12,000 which he should have declared when he took on his portfolio. He bought the shares in a health related biotechnology company that specialises in rheumatoid athritis when he was a backbencher in 2005, the same year that the company received a $6 million grant from the federal Government.

Prime Minister Howard is adamant that Santoro will not be sacked. According to Howard Santoro was proactive about his mistake. He took it upon himself to give the $6000 profit he made to the Family Council of Queensland; a religious based ‘charity’ that campaigns for Right to Life anti-abortion clinics.

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