Former charter schools face scrutiny over debt and governance

Two former charter schools are being investigated for significant financial and governance issues. Concerns include mounting debt, illegal board of trustees appointments, and large fees amounting to hundreds of thousands of dollars annually.

The intervention was prompted by the schools' growing financial difficulties. Reports indicate that they have accrued substantial debts that could impact their operational viability.

Additionally, the schools are reportedly operating with a board of trustees that has not been legally constituted, raising concerns about their governance.

These issues highlight the need for strict adherence to regulations to ensure the proper management of educational institutions. The investigation aims to address these concerns and safeguard the interests of students and staff.

Originally reported by RNZ New Zealand Headlines.