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Posts Tagged ‘William Duma’

Jimmy Maladina’s Australian silk recruited by PM O’Neill to lead Duma/Pok inquiry

March 8, 2017 2 comments

Having promised a Commission of Inquiry, under the predicted Chairmanship of (Rtd) Judge Graham Ellis, who cut his teeth in the National and Supreme Court during the 1990s, working a number of high profile anti-corruption inquiries, PM O’Neill has been in reverse gear ever since. 

This culminated first in an announcement by the Attorney General, that his government had somehow overlooked court proceedings barring any Commission of Inquiry from being convened.

John Griffin QC

Then we learnt yesterday that an ‘administrative inquiry’ would be convened, under the leadership of John Griffin QC.

John Griffin QC is most well-known for dashing the hopes of the country, when he managed to secure for his client Jimmy Maladina, a suspended sentence after the latter confessed to misappropriating K2.65 million during his tenure as Chairman of the National Provident Fund, a time when he was joined at the corporate hip to Peter O’Neill. The court let Maladina go with a suspended 8 year sentence, and a 2 year good behaviour bond. On the other hand, a middle man Maladina acted through received 6 years prison.

Later Griffin managed to get even Maladina’s conviction overturned by the Court, despite the fact Maladina ‘admitted freely that he had committed the offence’.

Given Jimmy Maladina declared himself bankrupt, and claims to have sold off his Australian properties to pay restitution – it can only be assumed Maladina has good friends who could pay for a silk of Griffin’s stature.

However, with a budget of K2 million for this ‘administrative inquiry’ into Duma/Pok, paying for high priced silks will not be a problem.

We are told the inquiry began on 7 March, and will continue for 4 weeks, with a finishing date of 28 March. Ahem, that’s actually 3 weeks!

For this 3 week work period,  the commission will have a budget of K666,666 – perhaps an appropriate enough sum! Even if the entire commission team furiously shovelled kina into an open fire, they couldn’t physically burn this sum of cash in three weeks.

If we assume Griffin QC is paid K85,000 per week – the sort of sum a QC fetches – that gets us through K255,000 over the three week period. You would need a team of 8 QCs working around the clock to expend this K2 million budget.

We assume in the interests of ‘accountability and transparency’, to quote the PM, he will publish the inquiry’s budget in full?

As we watch O’Neill’s stance over Manumanu dilute on a daily basis, it must be asked – did the PM overplay his original hand against Duma and Pok, and are we now seeing all parties backtrack so they can resume cordial relations at the top of the trough following this year’s national elections? 

Will Prime Minister O’Neill crumble before NEC opponents over Manumanu COI?

March 1, 2017 5 comments

pok-and-duma

When evidence was made public on 1 February this year, linking the State Enterprises Minister, Defence Minister and Chair of the Central Supply and Tender Board, to a major land swindle, Prime Minister O’Neill swiftly announced a Commission of Inquiry.  

He appeared to have his ducks lined up. The ABC reported just five days later that a retired judge was to be appointed head of the COI. 

Two names were thrown around in the social media, Warwick Andrews and Graham Ellis.

Odds are it was the latter who had been approached by O’Neill. 

After all, Ellis had previously been asked by the NEC to Chair the Interim Anti-Corruption Office. However, this appointment has been blocked by a court injunction, which wont be heard until April. 

This has left Ellis in limbo. Cue the role as head of the Commission of Inquiry.

However, evidence coming from within the NEC indicates that Minister for Public Services, Puka Temu, among others, have deep reservations over O’Neill’s choice.

If the appointment is Ellis, this makes sense.

When he was a National Court Judge from 1990-1992, and 2009-2011, he had a reputation for effectively clearing out case backlogs and swiftly getting the wheels of justice into gear. The Poreporena Freeway Commission of Inquiry he chaired in 1992 was completed within 8 weeks and under budget. He also Chaired a 1991 Leadership Tribunal that led to the famous resignation of Ted Diro.

For a Minister such as Puka Temu, whose own connections with William Duma’s sticky fingers, has been documented by the National Court – the news that a no-nonsense judge, with a reputation of being fiercely independent, may not have come as welcomed news. 

It is not clear how the struggle within NEC will turn out. But it stands to reason if the retired Judge already appointed to head the country’s premiere anti-corruption office is selected, it is a sign that substance has trumped expediency. On the other hand, if we see hands ruffle down to the bottom of the barrel, we can safely assume a certain Prime Minister is being held over it – and is prepared to set up a COI, that will be little more than a whitewash.

United Resources Party at the centre of Manumanu land scandal: former and current leader implicated

February 7, 2017 3 comments

pok-and-duma

Yesterday Peter O’Neill announced a Commission of Inquiry would be launched into the Manumanu land deal. We can welcome this move, without celebrating its author.

O’Neill has had numerous opportunities in the past to investigate major land frauds, yet has done nothing. NHC residents, warned O’Neill the public housing estate was being sold off on mass, and the proceeds were being pocketed by politicians and private developers. O’Neill promised action but nothing was done, and the NHC continues to be mired in corruption and fraud. 

When Dame Carol Kidu warned the Prime Minister about major corrupt dealings behind the Paga Hill Estate – before she shifted sides following a A$178,000 consultancy payment – much was promised about investigating the project being pushed by Gudmundur Fridriksson (and it appears William Duma), but nothing was done.

Furthermore, while the results have been to hand for many years from two Commission of Inquiries into the Department of Finance and the SABL land grab – much has been promised, nothing has been done.

So it would seem fair to ask, why the change in posture?

Lets look at the key suspects in the case. William Duma, and Fabian Pok have been at the centre of this scandal. Yesterday O’Neill revealed a new suspect. The owner of Portion 698, Kitoro No.64 Limited, who was paid K15.4 million for their state lease, after the Defence Department reclaimed the land.

It can be revealed that the owner of this company is Tim Neville, former United Resources Party Leader.

So at the moment we have three suspects, who are all linked to the United Resources Party.

Important questions emerge.

We know that O’Neill presides over a government of robber-barons. They do not operate, however, as a cohesive unit. Instead they divide up the government into territory, which different groups assume responsibility for and abuse for personal financial gain.

It appears from the evidence being presented the lucrative black market in land has been heavily exploited by United Resources Party heavyweights.

Which raises the question. Is this turf wars between different factions within government over lucrative corrupt industries?

Or are we seeing tensions within Cabinet now exploding, as O’Neill attempts to soil rivals in the lead up to the election? 

We can only speculate.

Either way, this should not diminish support for a thorough investigation of this land fraud. There is a thriving black market in land and its impact on the nation is devastating.

But why stop at Manumanu – isn’t it time to prosecute all those involved in the abuse of state leases, whether they be sweetheart 99 year business leases given to political cronies for nothing rents, or SABLs acquired by defrauding landowners?

Duma Scandal Thickens – The Fox is in the Henhouse

February 6, 2017 2 comments

william-duma 

When PNG Blogs exposed the Duma scandal, in which the Minister is alleged to have personally benefited from K50 million paid by the State to relocate the Lancron naval base, it was hard to know where to begin analysing the affair. There were so many angles!

Over the weekend we exposed the corrupt background of the man appointed by the Prime Minister to supposedly investigate the Duma affair – Chief Secretary Isaac Lupari.

Now it is time for another instalment.

It is alleged that one of Duma’s accomplices in the K50 million fraud was Phillip Eludeme and PNG Blogs has suggested that Eludeme received K16.5 million for his role in facilitating the scam.

Eludeme is the Chairman of the Central Supply and Tender Board, arguably one of the country’s most important national bodies. It can either be a guard against corruption if run properly, or a mechanism for corruption if abused.

So who would you appoint to Chair such an important Board, which safeguards hundreds of millions in public money? Probably not one of the leading stars in the National Provident Fund Commission of Inquiry, who is alleged to have supplied a K100,000 bribe to the Lands Minister. But this is exactly what happened.

The scandal centred on, Waim No.92, which on paper was owned by Phillip Mamando and Philip Eludeme. The commission argued both were proxy shareholders for none other than Jimmy Maladina, Chairman of the National Provident Fund. The conspiracy, the Commission of Inquiry argued was to acquire a plot of land in Waigani for a discounted price and then sell it on to the NPF at an inflated sum. 

The Commission claims Eludeme was a key fixer in this corrupt deal, ‘prior to the Land Board hearing, Mr Eludeme had approached [Lands] Minister Seravo seeking favourable consideration for Waim No. 92’s application and, at Mr Seravo’s request, had performed, free of charge, accountancy services for Minister Seravo valued at K100,000’. The Commission adds: ‘The records of the Land Board indicate it notified Waim No. 92 that it had been recommended as the successful applicant and on September 28, 1998, Waim No. 92 received notice that a corruptly reduced purchase price of K1,724,726.10 was payable before title would issue, with annual rent to be K17,000 (instead of the legally correct amounts of K2,866,000 and K143,000 respectively)’.

Interestingly, Eludeme’s company at the centre of the NPF Commission of Inquiry, registered office at the time was Ram Business Consultants – Eludeme’s personal registered address was the same company.

Ram Business Consultants was another player at the centre of the NPF inquiry. In addition to this its principal, Rex Paki, was also one of the initial shareholders in the Paga Hill Estate.

National Court records indicate William Duma was involved in a land-grab that will greatly benefit from this proposed ‘tourism city’ at Paga Hill. He has also acted as Director in Malaga No.7 Limited, which is owned by Paga Hill Development Company.

In addition to the NPF scandal, Eludeme also featured in the SABL Commission of Inquiry, owing to his involvement in a company at the centre of the Bewani oil palm and logging scam – a major fraud involving 140,000 hectares of customary land, discussed in detail on PNG Echo blog.

According to the SABL CoI, one of the companies involved in the scam, Bewani Palms Management Limited was owned by Philip Eludeme and he was also a director, alongside Charles Litau, John Wuni and Bob Namah.

It appears birds of a feather flock together. 

Has PM O’Neill appointed a fraudster to investigate the alleged Duma Fraud?

February 4, 2017 8 comments
lupari

Chief Sec Issac Lupari was condemned by the Commission of Inquiry into the Department of Finance for being the mastermind of a multimillion dollar fraud

This week we were reminded why PNG needs an impartial, independent and well-resourced corruption fighting force – as Minister William Duma attempted to deflect attention from evidence pointing to his involvement in two major land grabs, worth tens, if not, hundreds of millions.

Prime Minister O’Neill assures us, the matter will be thoroughly investigated by Police Commissioner, Gary Baki – a close ally of the PM – and wait for it, his Chief Secretary Issac Lupari.

We can reveal that the Chief Secretary Issac Lupari was condemned by the Commission of Inquiry into the Department of Finance for being the mastermind of a multimillion dollar fraud.

The Commission of Inquiry observed:

‘Mr. Issaac Lupari sued the State for breach of four separate contracts that were entered into as Secretary for the Departments of Finance, Defence, DPM and Transport in that order. He claimed that he had been unlawfully terminated from all those positions after serving short stints in each and claimed the balance of all pay and entitlements for the unexpired period of all four contracts’.

The Commission observes:

‘It will be clear from the evidence gathered so far that Mr. Lupari never suffered any loss of pay and entitlements, and was adequately remunerated by the State for the whole time that he claimed for and beyond’.

In summary the Commission of Inquiry found:

  • In 1997 Lupari was appointed Finance Secretary by Prime Minister Bill Skate, the mentor to our current PM, Mr O’Neill.
  • On 15 January 1998 he was sacked by the Skate government, but as fortune has it, the very same day he got the job of Defense Secretary.
  • On 17 March 2000 he was made Secretary for the Department of Personnel Management by the Morauta government, with a contracted end date of 29th of June 2000.
  • On the day his contract ended, Lupari was made Transport Secretary.
  • Nevertheless, Lupari claimed he was unlawfully dismissed as Secretary for the Department of Personnel Management.
  • His legal team was … Paul Paraka lawyers.
  • The Attorney General and Solicitor General settled the claim for a cool K1 million, which was paid by the Department of Finance on the 17 September 2004 by cheque No. 790468.
  • A further K2.7 million in settlements were agreed with Lupari, after he claimed he was also dismissed as Transport, Finance and Defense Secretary– the Commission was unable to find evidence of whether this money was paid.

The Commission concluded:

‘Mr. Isaac Lupari knew full well that his claims amounted to triple and quadruple dipping. Yet he went ahead and instructed his lawyers to file claims against the State in the National Court’.

‘Mr. Lupari was not entitled to the K3,703,461.31, either legally or morally. Paul Paraka lawyers engaged in deceptive conduct when filing Writs in the order they did’.

‘Paul Paraka Lawyers did not submit quantum submissions. Purported quantum submissions later produced to the Commission were fabricated after the Col summoned same from Mr. Guguna Garo of Paul Paraka Lawyers’.

‘Paul Paraka lawyers were paid K200,000.00 for each matter totaling K800,000 for doing a minimal amount of work. That work consisted only of drafting the four Writs of Summons. There were no appearances in Court and no protracted negotiations before agreement was reached to settle the four matters out of Court’.

Read the Commission report on Issac Lupari  (220KB)

So this is the honourable fellow who will now investigate the Duma allegations. The people of PNG will be forgiven for not holding much confidence in the process.

Which serves as a timely reminder, what happened to the Interim Office for Anti-Corruption which was to be headed by Judge Graham Ellis?

O’Neill disposed of Taskforce Sweep, and then aborted its replacement, seemingly in the dead of night when no one was looking.

If Lupari is now the moral barometer of anti-corruption investigations in PNG, god save us all.

Its time for O’Neill to implement the ICAC he promised, so an independent judicial authority, can scrutinize corruption.

The Duma Scandal Deepens – New Links and New Land Grabs

February 2, 2017 9 comments
william-duma

William Duma’s denials of involvement are contradicted by the facts

Minister William Duma informed parliament on Tuesday that he has no links to the company, Kurkuramb Estates, that is the beneficiary of a sweetheart deal worth K46.6 million to purchase land for a PNG Defence Force naval base.

PNG Blogs originally broke this story with some astute detective work. 

However, Duma’s attempt to wriggle out of the scandal, by claiming no connection to Kurkuramb Estates is futile. This network map shows the intimate connection between the two:

vis_duma-1

We can also reveal this is not the first time that Minister Duma has been implicated in a potentially corrupt land deal.

In a Judicial Review case before the Supreme Court in 2012, the company Noko 96 claimed that Duma’s company, Kopana Investments Limited, acquired their 5 state leases over harbourside land at Paga Hill, Port Moresby. The Supreme Court, noted with suspicion that in a short space of time the then Lands Minister Puka Temu:

  • forfeited five State Leases held by Noko; and
  • after forfeiting the leases, exempted the land to which they related (five blocks at Paga Hill, Port Moresby) from advertisement; and
  • granted new State Leases over the land to Kopana Investments Ltd, a company owned and controlled by the then Minister for Petroleum and Energy, Hon William Duma MP.

The court presented the suspicious timeline underpinning this sweetheart deal given by one member of Cabinet to another:

27 March 2009

:

Notice to show cause why leases should not be forfeited, posted to Noko.

27 April 2009

:

Kopana submitted applications regarding land covered by Noko’s five State leases to the Land Board.

1 July 2009

:

Department of Lands and Physical Planning sent reminder notice to Noko.

3 Sept 2009

:

Forfeiture notices published in National Gazette.

14 Sept 2009

:

Minister exempted land from advertisement.

29 Sept 2009

:

Land Board recommended leases be granted to Kopana.

12 Nov 2009

:

Publication in National Gazette of Kopana as successful applicant.

25 Nov2009

:

Five State Leases (previously held by Noko) granted to Kopana.

This all came at a very convenient time. Another company censured for its corruption, Paga Hill Development Company – led by Gudmundur Fridriksson – had just acquired a 99 state lease over a 13.7 hectare neighbouring property. The lease was issued on 03/04/2009. This, of course, is the developer who promises to build a ‘tourism city’, complete with 6-star hotels and a commercial grade marina, prepped and ready for APEC 2018.

Three weeks after the PHDC lease is issued, Duma, the ever astute businessmen, begins steps to acquire waterfront land which would be needed for this mega-development worth K3 billion. 

Despite the suspicious circumstances and the court revelations, an inside source claims Duma still retains ownership of the prime Paga Hill land.  And look who served as a Director at Malaga No.7 Limited – a vehicle owned by the Paga Hill Development Company. You guessed it, Minister Duma!

duma-fridriksson

It appears winners are grinners. No wonder 8 million Papua New Guineans are frowning right now! 

Peter O’Steal Strikes Again! – allegations USD$1.2 billion loan is corrupt

March 10, 2014 16 comments

Dr Patrick Onguglo

The Prime Minister Peter O’Neill (‘aka O’Steal) has personally and unilaterally directed that the State of PNG borrow US$1.2 Billion Dollars through international financiers syndicated by the Swiss UBS Bank, to buy 10% of Oil Search Limited (OSL) shares. It is believed this transaction is motivated by personal gain. Therefore, this loan is believed to be for a corrupt outcome. This corruption is perpetrated by UBS and other international banks lending the money.

PNG does not need the loan. It is Peter O’Neill who needs the loan for his own corrupt gain. He is using the country’s assets to obtain a personal benefit. This must be made very clear to the international lenders. On this basis no future PNG Government will be liable to repay the funds, lent for an illegal purpose.

As of this article the international lenders will be deemed to be aware of the allegations I make here.( I invite the Prime Minister to contradict me if he can).

This is not an ordinary share purchase (investment) made by the Prime Minister on behalf of the people of PNG. What I am about to reveal is only known to a few key people in government circles.

In 2013 Total, the French Petroleum conglomerate entered into a deal with InterOil Limited wherein it purchased 60% stock in InterOil with the intention to develop the Gulf/Elk-Antelope LNG Project. Total bench marked the price of the InterOil shares against the known oil and gas reserves of InterOil’s Gulf/Elk LNG reserves, and international price indicators.

InterOil was started by two men in this country, Phil Mulacek and Gayland Baker in early 1990s. These two men, one a Texan and the other from California walked into Port Moresby government offices with empty brief cases promising to build an Oil Refinery in PNG out of one abandoned by Chevron in Alaska. While Curtain Brothers offered the Motukea refinery, these two men with very slick marketing skills, and Gayland Baker’s position as a director of conservative Fuller Christian Seminary, gained the upper hand.

The rest is history, of the way they manipulated government decision making processes, public announcements, to gain every benefit, favour, approval, license and a free lift up in every other step of that company’s development.

InterOil today is testimony to how Phil Mulacek has carefully and deliberately manipulated the goodness of the people of PNG and their government, how he has ruthlessly and unscrupulously exploited the weaknesses of key leaders of PNG, to build a personal fortune worth several hundred Million Dollars for himself and his extended family. Mulacek has been ably assisted by Christian Vincent, the Frenchman, his brother-in-law who acts as Phil’s main go-to man who has also gained in the hundreds of Millions.

In a small town things can get a bit incestuous, as Christian Vincent’s long term girlfriend in PNG happens to be the Fijian-Indian Lady with the short skirt who is the CEO for Peter O’Neill insurance company. Peter O’Neill is no stranger to Vincent and Mulacek having had many private dinners and meetings over the years when Mr O’Neill was a Minister in the Somare Cabinet.

Having sold 60% of InterOil to the French Company for several hundred Million dollars, Mulacek and co have been holding out the balance of the shares of 40% for a price that is almost triple what the French have paid for per share previously. The French having pre-emptive rights could not pay the price that the Mulacek camp has been asking for the balance of the shares. Meanwhile the Gulf-Elk LNG Project is not going anywhere fast.

The Mulacek camp have been trying to play Total against Exxon and Oil Search Ltd, who both also expressed interest in a piece of the action. Mulacek had hoped Total would pay the price to own the whole lot or Exxon would pay a premium to participate. No one took the bait. Over the years people have become tired and weary of Mulacek and his antics, always trying to profiteer and gain unreasonably, when he came to PNG with nothing. The InterOil project could have been fully financial 5 years ago had Mulacek not been greedy and held out.

This game has developed into a stalemate with Total holding majority stock and cant fund the project until it took the rest of the stock. It required a game breaker.

This is where the creative genius of Phil Mulacek came to the fore once again, and perhaps for the last time against the people of PNG. He approached Peter O’Neill through the lady with the short skirt for a private meeting. In that meeting it was laid out to ONeill that someone should assist Oil Search Limited (who has expressed interest ) to buy the balance of the 40% shares in Interoil for the exorbitant price that even Total would not pay. That Oil Search Limited had already been sounded out on this, and provided someone funded OilSearch Limited for the price of the Interoil Shares they would do the deal to further fortify them against any corporate raid. The State of PNG taking the shares would surely be a poison pill for the Dubai based Arabs seeking to do a raid on OilSearch Limited. The aggregate agreed price for 40% InterOil shares and OilSearch 10% shares was in the vicinity of USD1.0 Billion with enough fat to go around.

What was put to O’Neill in that meeting was that if he could get the Government of PNG to borrow USD$1.2 Billion from international commercial lenders, and buy 10% of Oilsearch Limited shares, Oilsearch Limited would use the proceeds definitely to buy the 40% shares from Interoil at its ridiculous asking price, AND THERE WOULD BE A VERY TIDY KICK BACK OF USD$100 MILLION FROM MULACEK & CO TO ONEILL for making this happen.

This was the game breaker. O’Neill became the game breaker. He became Peter O’Steal.

Having shook hands on the deal in last quarter of 2013, Phil Mulacek has been working feverishly with Peter Botten of Oil Search Limited, to get international lenders to lend to the State this huge sum of money, while Peter O’Neill has been carefully moving the right people into right places to take the decisions for him, and to cover his arse in the State agencies. The last act was to move the Minister for Petroleum William Duma aside and put his own man Duban in place to approve the deal. O’Neill knew Duma would see through the deal as unfair, unreasonable and corrupt and not approve it.

Last week Peter O’Neill has had lawyers and Financiers and bankers camping all over town feverishly working to finalize the deal. The only Minister working closely with O’Neill to close the deal is Ben Micah, who will support O’Neill because he needs ONeill to turn a blind eye to his own stealing.

Most of the Members of Parliament in the Government side do not know about this very juicy and lucrative deal that is going down just this week.

In fact most of the Cabinet Ministers do not even know. The Opposition does not have the manpower or the resources to keep up with Peter O’Steall’s very active life of carrying on private business deals while pretending to be Prime Minister of Papua New Guinea. Only a few people close to him only know some of the deals, but not all.

This Prime Minister has made more money using his position as Prime Minister of this country than any other leader in the history of this country, and that folks, is the understatement of the Century. Nothing over K10 Million passes the Tenders Board, for example, without the Prime Minister getting a look in first. His fingers are so sticky that it is now common knowledge among all his Coalition Party colleagues that this man is not good for PNG.

Papua New Guineans need to ask, and ascertain very clearly that:

1. The State does not need the 10% of OilSearch Limited Shares. Oilsearch Limited is a public company. It can bloody well raise its own money and buy the shares. When Peter Botten was first approached to buy the Interoil shares he baulked at the sale price as he knew what Total paid. Interoil was asking far too much. When he was again approached with State Offer, he realized it would be a poison pill to have the State to hold substantial shares in OilSearch, so he happily agreed. Oilsearch quickly overpriced its batch of 10% shares and was also gaining from the sale of the shares to the State. Everybody gains from the State.

2. The Deal and the Loan is not in the best commercial or financial interests of PNG and its economy. The Country has already pledged its assets, including the previous Oilsearch Shares (18%), to the Dubai based financiers of our LNG interests. Why borrow more to get into debt with Swiss Banks this time and park the interest encumbered (shares) in the same commercial entity (Oilsearch) that the Dubai lenders already have priority in call over? Putting all our LNG eggs (revenue stream) in one basket is not a wise move.

3. Why didn’t Peter O’Neill opt to use the money to allow the State to exercise its option to acquire 22.5% of the Gulf Elk LNG Project?

4. Why is Peter O’Neill helping to protect OilSearch which is a public company- unless there is a catch?

5. Has Peter O’Neill relied on a fair and commercial valuation of the shares of Oil Search Limited to justify the price, despite the prevailing share price? Where is the professional valuation?

6. Why is Peter O’Neill borrowing USD1.2 Billion to fund shares when the money can be best spent on health and education and infrastructure?

7. How can the PNG economy which is already burdened by debt and currently underpinned by 2 consecutive years of massive budget deficits afford to shoulder this huge debt burden? Why has Peter O’Neill further mortgaged our future?

8. Why has Peter O’Neill further exposed the PNG economy to the LNG Project. All the hopes of the politicians are on the LNG Project. This is a huge and monumental gamble; particularly because the State has failed to honour its agreements with the Landowners, and the State ( Arthur Somare) has failed to explain what happened to the 3% of the State’s 22.5% in the PNG LNG Project. What happened to the 3%? Mr ONeill was Finance Minister. He knows what happened to the 3% in the Dubai deal. Perhaps he can explain? The Landowners will not allow leaders to trick and mislead them anymore. They are wiser by the day.

9. Why didn’t Peter O’Neill allow the USD1.2 Billion to be borrowed by Kumul Holdings or National Petroleum Company or even the IPBC, for it to buy outright the shares of Interoil? Why gift Oil Search Limited this money at the expense of the people of PNG? Why does OilSearch have to own the InterOil Shares (thereby the Gulf-ELK LNG Project) when the State could easily acquire it and own it- and not for that price!

10. What is the underlying rationale and underlying value in the exorbitant price (of the loan) of the InterOil Shares? Who has done independent industry benchmarked valuations based on which Peter O’Neill has agreed with Mulacek to do this deal?

11. What is the nature of the Mulacek-O’Neill kickback and how was it designed to be delivered?

12. Is it true this major investment decision worth approximately K4 Billion was made by one man, Peter O’Neill, without Cabinet or Parliamentary approval or debate? If so then it is clearly an abuse of the office of the PM, and he should be referred to the Ombudsman for investigation.

There are many things absolutely and seriously wrong with this investment decision. The Prime Minister has no power to unilaterally commit this country like he has done with Manus Asylum seekers etc. It has become abuse of power. He has become dictatorial.

O’Neill is currently getting government agencies and Departments to approve this transaction for which even the Finance & Treasury officials and the Bank of PNG have not done any formal prior appraisal of this loan. He is trying to rail road the proper government agencies to approve this transaction, when they haven’t even done any proper evaluation of this loan against the country’s other commitments and debt levels.

I call on Ministers of Cabinet, Government Coalition Partners and Leaders to demand full briefing on this transaction, and all documentation on this transaction be tabled in Cabinet and Parliament for public scrutiny. I call on the Cabinet Ministers and coalition partners to block this stupid loan.

I call on Senior Ministers to feel sorry for this country and its people, to take their oaths to serve the people seriously. I call on responsible Ministers to stand firm and not endorse this deal even it means their sacking. It is time for principled leaders to stand up to this PM and his greed.

Already the PM has set it all up so that he does not sign any documents himself. He is using quiet pressure through other people including, once again Ministers Marabe, Polye, Micah and Duban to sign and endorse this deal that Parliament and Cabinet did not approve. Even if Cabinet approved it, it seems they would have been mis-informed. When the shit hits the fan, the PM will naturally go after these Ministers and once again, blame them, as he did with the Paraka deal.

This is a stupid deal, designed to benefit a few greedy and selfish people. IT MUST BE STOPPED!
The Prime Minister needs to declare his interest in this matter publicly and resign. He has taken far too much from this country and the small people. He has to learn that enough is enough!