Archive

Posts Tagged ‘Kopana Investments Limited’

William Duma’s hidden hand in K3 billion Paga Hill Development

July 6, 2017 1 comment

Source: PNGi Investigates

A special PNGi investigation, has revealed insider evidence that suspended States Enterprises Minister, William Duma, has a hidden interest in the Paga Hill Estate, a public-private venture valued at K3 billion.

The acquisition of this equity stake, in what is said to be an APEC host site, allegedly took place through Duma’s firm Kopana Investments Limited, which went from a 1 kina shelf company to a K28 million mega-venture virtually overnight.

PNGi also presents evidence that Kopana Investments originally acquired land at Paga Hill in 2009, through a set of transactions, slammed by the Supreme Court.

All of this comes as the PNG public awaits for the results of an administrative inquiry into Duma’s alleged role in the Manumanu land scandal, which was supposed to be tabled in parliament over three months ago (28 March).

Read more: http://pngicentral.org/…/william-dumas-hidden-hand-in-k3-bi…

Advertisements