MORE QUESTIONS FOR NASFUND


Mitchel did try to defend himself but his defence raises many more questions. He is lying when he says he came well after Noel Wright. Mitchel was here for at least 6 months working with Noel Wright. I remeber them working together. And anyway, Whistle blower has a point there. Another thing I know is that Mitchel knew Maladina only dealt with less than K3 million ( still a lot), but well over K150 Million was lost elsewhere. 

Why did Mitchel try to hang it all on Jimmy and Herman Leahy? That was dishonest wasnt it? Mitchel knew those friends of Mekere and his wife who ripped off the Contributors and the Fund. Yet Mitchel acted to protect those people. What part did Mekere and his wife play to protect these people, I wonder. Interesting isnt it? Who designed the Terms of Reference for the Inquiry to protect these people as Whistle Blower asks. Rod doesnt answer this directly, but he does admit to being close friends of Mekere and Roslyn Morauta.

Now the public are welcome to ask why paul maclaren ( Rod Mitchel & Nasfunds share trader was sacked from BSP Capital? Didnt that have to do with Rod Mitchel and Paul Maclaren defrauding BSP Capital? Ask the auditors of BSP. Yes for every share sale or purchase Rod did using Maclaren as Broker Mitchel makes a certain percentage offshore hidden in the broking fees, and has been hiding it all. This has been going on for such a long long time, at least 10 years, that when the BSP auditors finally caught up with him and Maclaren, Maclaren was sacked (asked to look for a new job). 

Now Maclaren is the same guy who magically shows up again with a prospectus, all written up with shonkiest legal advice from Mr O'Brien of O'Brien Lawyers, seeking well over K22 Million investment in Airlines of PNG. Maclaren made well over K2million for raising all up K123 Million from unsuspecting investors like MRDC. The purpose was to buy into APNG. The promises that Maclaren and Obrien made of 737 Jets flying from PNG to Asia to attract the funding never materialized. They were lies anyway. They deceived all PNG investors, and the share price almost halved immediately, and never recovered. 

Mitchel knew it was a bad investment in a couple of old aircraft and shonky management. Besides, old man John Wild was pulling K25 Million of the investment funds out as good will. Any sane businessman would have asked what good will? What good will when the good will was a Airline License issued by CAA/Department of Transport. It was a bullshit deal to spend contributors funds...put them into the pockets of a few whitemen, and Rod have to be pretty stupid not to see that. It was not an excusable bad investment decision, it was a deliberate calculated move to deceive and deprive the contributors and the public of their funds. He was motivated by greed and a kick back from his friend Maclaren.

Now that is why there must be a Public Inquiry. You see if Rod Mitchel instead of handing John wild all that money, bought three Dash 8s and leased all to Air Niugini or APNG the FUND would be way ahead now. As it is the value of the investment has plunged and gone backward. Again this would be excusable if it was borderline issue. This one was not, as I observed from the side line. It is indefensible. Rod did benefit through Maclaren. Someone ( ICCC, Police Fraud Squad and Securities Commission) should start by revisiting the false misleading and deceptive conduct displayed in the prospectus. Arrest those responsible. 

Then investigate Mitchel and ask him to justify himself. That would be a good start. ps watch this site...more revelations are about to come from all corners on Mitchel! He is a smoooooth tongue, but this time his time is up. His number has been called. He must go!

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