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Paraka wiring large sums to his ‘Australian based wives and girlfriends’

PNG ‘dirty money’ trail leads to Australia

By Nick McKenzie and Richard Baker from Fairfax Media

Millions of dollars allegedly corruptly obtained from the PNG government have been siphoned to Australian banks, confidential banking documents reveal.
Fairfax Media has also confirmed that Australian bank NAB recently increased its due diligence on some money transfers from PNG due to corruption concerns.
The allegedly dirty money stems from a corruption scandal gripping PNG that has led to the suspension of senior government officials and Prime Minister Peter O’Neill last month asking the Australian Federal Police and Interpol to help investigate.
Mr O’Neill also threatened to sack all staff in the country’s Finance Department after allegations in Parliament implicating top officials and prominent lawyers.
Law enforcement sources believe up to $500 million may have been stolen from PNG government legal aid funds over several years.
A NAB spokesman said on Tuesday that the bank late last year ”heightened our due diligence relating to some funds from PNG, as a result of information that became available to us through official channels in PNG”.
”Payments that NAB deems as suspicious will be blocked and reported as required by law,” he said.
Fairfax Media has obtained documents that show the leading lawyer named in the PNG Parliament as one of the architects of the alleged corruption scheme, Paul Paraka, has been regularly transferring large sums of money to several contacts on the Gold Coast and in NSW.
It is understood that one of Mr Paraka’s PNG banks has a business relationship with NAB. The NAB spokesman said the bank could not comment on payments made on behalf of individual customers.
On one day in October last year, a bank account linked to Mr Paraka wired about $80,000 in three transactions to his Australian-based wives and girlfriends, including one who lives in Sydney’s Star City casino complex. Between February 2012 and February this year, almost $3 million was transferred to Australia from bank accounts linked to Mr Paraka. PNG investigators believe most of these funds were corruptly obtained.
The ability of Mr Paraka – who denies any wrongdoing – to transfer suspicious amounts of money raises questions about what Australian banks, the federal police and the anti-money-laundering agency, Austrac, are doing to block or investigate dirty money.
The ease with which allegedly corrupt PNG officials and businessmen can transfer money to Australia is becoming an increasing concern for law enforcement officials in both countries.
Last month, AFP senior liaison officer Superintendent Steve Mullins reportedly told a conference in PNG that tens of millions of corruptly obtained money was being deposited in Australian banks each year. An AFP spokesman said Superintendent Mullins was working with PNG authorities ”on a range of complex issues”.

  1. June 19, 2013 at 12:21 pm

    I would like to think that, just because huge sums of money have been siphoned oversease constitutes an offence (fraud) from this prominent person; however, i am bound to pause, verify and ascertain whether:-

    – the exact amount of money can be traced and proven to have been the amount obtained from the Public Purse (Finance Department or any source of Government Funding) fraudulently or,
    – it has to be proven and traced that the money obtained and siphoned oversease was as a result or through, and arising out of any proceeds of fraudulent monies obtained from the Public Purse (Proceeds of Crime), or
    – either those monies being siphoned oversease have been done so without compliance of proper statutory and Regulatory authorithy and Clearence, or
    – Simply that the money had been hidden and smuggled abroad (laundering/embezzeled)

    Either one of the above is yet to be proven, and moreso, if either one of the above 4-points exists then that is a trite evidence of a Corruption Scandal against this renowned lawyer.

    otherwise he needs to be given the benefit of Doubt because sometimes this might be monies he has rightly sweated his guts for and invested or obtained through other honest sources of earnings (apart from the above stated) and he has decided to use it (siphoned) as he pleases. We might be barking up the wrong tree. Just because of the so many allegations brought against this person (some of which has clear evidence/sources available) while others are mere speculations pending verification and such events of the last couple of months MUST NOT cloud our judgements of him. Lets be realistic, all Humans make mistakes however humans do have the God given power of choice and it only makes it bad if he choses the WRONG. That is when Humans start to get into problems culminating to the current state of a systematically and endemically corruptive behaviour rampant in the Country.

    I must state here that I DO NOT SUPPORT HIM or for that matter any crooked attitude of any person but this is the basic understanding and principle that has to prevail amongst any right minded person before one starts barking at any fellow Human Being. I must also state that any perpertrators involved in money squandering, laundering, stealing from Public purse and promoting corruption needs to be made to sweat for the rest of his life and repay the State what rightfully belongs to the people of PNG.

    I welcome your opinions and criticisms with an open mind.

  2. bravo kilo
    June 20, 2013 at 12:35 am

    Give him Aussie citizenship n send him off to his pussycats where they shall live happily ever after.

  1. April 17, 2015 at 6:36 am
  2. May 1, 2015 at 8:33 am

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