Get your Facts Right

Rod Mitchell

I write to you in response to the cowardly article posted on your website. There is no evidence for any of the rubbish you have posted. It is highly defamatory. The article is also poorly written and contradictory stating that everyone is innocent until proven otherwise, then one long slanderous attack on myself with no presumption of innocence until proven otherwise. Here are some facts

  1. Rod Mitchell never worked as an Investment Adviser – I came in after Noel Wright left. The unrealised losses and excessive debt had already been incurred. 
  2. Ian Tarutia was head of operations then. He did not get involved in the full business as general manager until 2001 – Leave him out of you smear 
  3. Post Courier conducted the Bring Back Jimmy Campaign – Not Rod Mitchell
  4. The massive losses (in excess of K150 million) were documented in the largest commission of Inquiry in PNG history – I was not found to be the problem
  5. Rod Mitchell did not have any involvement in BSP Capital and or any loss made by BSP Capital – Libelously to suggest that I defrauded BSP Capital. Since when would Nasfund owning only 7% of the share capital, stop BSP pursuing a legal right if they had one?
  6. Mitchell did not fraudulently and deceptively forge Sir Mekere’s signature. This was a false allegation made by a disgruntled employee who subsequently was jailed on theft charges.
  7. Mitchell remains friends with the former Prime Minister and his wife to this day – odd that they remain friends with myself if the allegation was true.
  1. The cyber campaign against Kina Finance was done by Masalai who ever that was – Has nothing to do with Rod Mitchell
  2. NASFUND did invest money in Airlines PNG and while that investment has not been successful, the Fund returned in excess of 15% for the last two years running – Obviously you have never invested so you would never have made a bad decision.
  3. There were no kickbacks through BSP Capital. That would easily be identifiable through BSP Capital – After showing a Director of BSP this, his response was  - just a crackpot – ignore him.
  4. Mitchell has nothing to do with a broking firm as stated and certainly does not own any shares in it Trust or otherwise

The responses from so called educated Papua New Guineans is as defamatory and inaccurate as your own

  1. How could one person single handedly make property too expensive for Papua New Guineans? Any honest assessment would be a combination of low interest rates and PNG being resource based in a world hungry for resources as being the reason for the increase in property prices
  2. The suggestion that I am a spy with the Australian Government is ludicrous – you don’t need spies in PNG – if you want to know who is stealing - just read the daily papers.
  3. I am and always was CEO of BAHA – I set it up
  4. BAHA does not control hundreds of millions of US dollars. Its budget is K1.3 million (KINA) per annum and our accounts are audited by PriceWaterhouse Coopers

Unfortunately people who do achieve things in this country are continually being run down by cowards who hide behind websites.

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