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Showing posts with the label Department of Finance

CROOKS IN SUITS STEALING FROM PLANNING (Evidence included)

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The mounting trend of corruption at the National Planning Department remains unabated as Secretary Koney Samuel and his FAS – Corporate Services Division, Loma Pamea collaborate and collude to loot and rob the Department mercilessly. The few reported cases of fraudulent payments and corrupt deals by the two senior officers are believed to be only a tip of ice-bag. You could recall a K2 million cheque payment was reported to have been released in late 2018 to the Southern Highl ands Provincial Treasury, implying an element of strong intention to defraud the State through collusion and conspiracy by the two senior officers in connection with the handling of the payment. In that case, Secretary Koney Samuel and the FAS Loma Pamea were believed to have collaborated and colluded to fraudulently initiate, approve and release the K2 million payment knowing too well K1 million portion would eventually be transferred from the transiting Southern Highlands Provincial Government Ac

PNG STRONGLY DEFENDS WITHHOLDING OF IMF ARTICLE IV REPORT TO COVER FOR MISSING K6.3 BILLION KINA

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by PAUL FLANAGAN SUMMARY The IMF report indicates the O’Neill government has overstated the growth rate in the PNG economy by 12.7 percentage points during its term. Primarily by 5.9 percentage points in 2014 and a further 5.2 percentage points in 2015 (see graph below). The IMF indicates the PNG economy is K6.3 billion smaller in 2017 than claimed by the government (and K5.4 billion smaller in 2016). This means the debt to GDP ratio is 33.5% in both 2016 and 2017 according to the IMF – above the 30% limit set in the Fiscal Responsibility Act. The greatest concerns about economic management relate to BPNG’s control of the foreign exchange rate and reserves with more breaches of international norms than admitted. The Governor of the BPNG should explain serious discrepancies between his statements on 25 January (full page adds in the local press on 26 Janaury) and what the IMF report actually stated on 27 January (see below). While commending the government for its actions in

GOVERNMENT SPENT K10 BILLION ILLEGALLY THIS YEAR

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by PNGBLOGS   Prime Minister Peter O’Neill and Treasurer Patrick Pruaitch have been caught out in a massive Constitutional breach over state borrowings and repayment of the national debt in 2015 and 2016. Their failure to comply with Section 209 of the Constitution means all domestic debt – Treasury Bills and Inscribed Stock - issued in both years, and repayment of that debt, is technically illegal. The unlawful amount involved will be about K10 billion by the end of this year. The Constitutional breach and the failure to acknowledge and correct it highlights the incompetence and lack of integrity of the Prime Minister and Treasurer. It highlights the complete disregard by the Prime Minister and his Regime for the laws of Papua New Guinea, including the Mama Law. The Constitutional breach was identified by blogger Kessy Sawang, a financial analyst and former Deputy Commissioner of Papua New Guinea Customs Service, and Head of Secretariat of the Tax Review Se

"BRING YOUR FILES TO COURT" - MARAPE

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by JAMES MARAPE MP Good evening all who are friends with me on FB. My last FB post was in my disgust in the manner in which Paul Paraka Lawyers (PP lawyers) without conscience to the harm they do to name and reputation of others continue to bring in questionable claims for settlement by State. Today ( 1st of March 2016) PP lawyers asks me to apologize and withdraw the statement I wrote on the basis that they had secretly without many of us knowing, had a Supreme Court order of 11 July 2014, in the decision of their 2006/2007 matter against state ( SCR 15 of 2006 and SCR 3 of 2007). His letter reminded me and I quote him " Order # 3 all persons or parties connected directly or indirect in respect of all matters emanating or arising from the investigation and disputes over the PP legal bills, including those involved in the relevant court proceedings, police investigations and members of the public at large are restrained and prohibited from making or publishing any m

BREAKING NEWS: PAUL PARAKA SEEKS K24 MILLION PAYMENTS

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by STEVEN ANDRE The law firm at the centre of fraud allegations involving the Prime Minister and many other high-ranking people in PNG is ‘striking again’. In a letter dated 26 th  January 2016, Paul Paraka writes to Secretary for Finance, Dr Ken Ngangen, for some outstanding payments of K24.1 million. The bills comprised of a K12.940 million principal amount as purportedly confirmed by two National Court Orders in 2007 and interest component of K11.170 million. Mr Paraka claims that the bills were cleared by the Solicitor General in 2005 and two National Court orders subsequently confirmed it. He claims that the bills were not paid in the past because there were some Supreme Court cases pending and now that the cases had been concluded in July 2014, the Department of Finance is legally obliged to make these payments, failure to which would result in contempt of court proceedings. Mr Paraka refers to a letter by the Attorney General Ano Pala dated 6 th  July 2014 to then Co

LAWYER FELIX KANGE AND HIS CORRUPT MILLIONS

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POST COURIER Department of Finance officials received more than K2 million in “consultation” fees in a case that has landed a private lawyer in hot water. According to documents tendered in the Waigani National Court, the payments were made by the lawyer to facilitate the release of two cheques, which were the payments for the East Awin land in the North Fly District of Western Province. This land was bought by the National Government in 1983 to resettle the West Papuan refugees and the payments were made in 2008 with the first K4 million released in January and another K6.8 million in December, from which the landowners received K1.4 million. The landowners from the Homuku, Pesegai, Witigi Kukub, Witime, Yesa. Ukya, Kuse Ide, Kuga and Modia Kuga clans sued their lawyer Felix Kange of Kange Lawyers early this year for the balance of their money. The matter had gone before National Court Judge, Justice Ambang Kandakasi who ordered the Kange and another defendant,