Posts

Showing posts from October, 2015

Expat arrested over Pacific Games scam

Image
An expatriate man allegedly involved in a variation scam in the construction of the Pacific Games venue was arrested by Police when he tried to leave the country, Post Courier (October 12) reports.

The man, who was employed by a construction company, was arrested at the Jacksons International Airport departure lounge by fraud squad officers and his former local employees. He was about to board an Air Niugini flight to Australia.

National Fraud Squad & Anti-Corruption Directorate director, Chief Superintendent Matthew Damaru said the man was wanted by police for questioning over allegations of cost inflation on price of materials and labor for the construction of the games venue.

Damaru said he has been questioned and released. However, his passport has been confiscated to prevent him from fleeing.

Meanwhile, Damaru has written to the Chief Migration Officer Mataio Rabura to stop expatriates who were involved in the construction of the games venue from leaving the country as they …

Chief Secretary refers Chief Magistrate to Attorney General

Image
Papua New Guinea (PNG) Chief Secretary, Sir Manasupe Zurenuoc has referred Chief Magistrate Nerrie Eliakim to the Attorney General for official misconduct and administrative incompetence.

The letter date September 29 stated that Manasupe has received a set of complaints against Eliakim. The level of allegations raised are serious and “questions her ability to be the Chief Magistrate of Papua New Guinea.”

Manasupe also made recommendations to have Eliakim suspended and conduct an investigation with the “view to refer her to the Tribunal under Section 181 of the Constitution.”

The contents of the letter have been widely circulated on social media and the Attorney General (AG) is surprised that the public is already aware of the contents before he has even read it.

He confirmed the letter in the Post Courier (October 7) and said the document would now have to go through the normal legal process before a decision or determination can be made.

As per the leak on social media, Pala said th…

Kina Securities completes Maybank PNG acquisition

Image
Kina Securities Ltd has announced the completion of their acquisition of Maybank PNG which will see the bank becoming a part of the Kina Group and a change of name to the Kina Bank.

Maybank has been in operation in Papua New Guinea since 1994.

The acquisition increases Kina’s portfolio in the financial market including stock brokering, fund management and now banking services.

For more information, please contact Kina on (+675) 308 3810 or visit kina.com.pg

PNG Power CEO suspended

Image
PNG Power Ltd (PPL) Chief Executive Officer (CEO), John Mangos, has been suspended following allegations of misappropriation, only 7 months after being appointed.

The National (October 1) reports 14 allegations against Mangos based on several legal, financial, governance and ethical issues and he has been given notice to provide a show cause letter for his actions within 14 days or face an investigation.

PPL board chairman, Larry Andagali, said the board was seriously concerned with the allegations and more so with the way the PPL has been operating under Mangos management since his appointment on April 23, 2015.

Mangos confirmed with The National that he has been suspended and said he would respond to the allegations leveled against him in the next 14 day.

Meanwhile, PPL Chief Operating Officer (COO), John Yanis, has taken over responsibility as CEO following Mangos' suspension, pending an investigation.