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FRANCIS AWESA SUING O’NEILL AND MALADINA OVER FRAUDULENT TRANSFER OF OWNERSHIP OF COMPANY

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FRANCIS AWESA SUING O’NEILL AND MALADINA OVER FRAUDULENT TRANSFER OF OWNERSHIP OF COMPANY by MICHAEL J. PASSINGAN As things get heated up in Waigani for the looming Vote of No Confidence, one of Prime Minister O’Neill’s close confidante and Minister for Works, Hon Francis Awesa is having a bitter split with his Prime Minister and close associate Jimmy Maladina,  The tales of fraud involving O’Neill and Jimmy as main characters never ceases to end. In this new drama, Works Minister Francis Awesa is taking the duo to court for illegally and fraudulently transferring his interests in one of the biggest construction companies in PNG –Global Construction Ltd. Global Construction was started in 1994 and the registered shareholder then was Kandy No. 7 Limited owned by Derek Michael Jepson, who is casually referred to as Mick Jepson.  On 1st August 1996, Mr Awesa, through his family company called Allestree No. 10 Ltd purchased about 24,999 shares from Kandy No. 7 to be a part own