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Showing posts with the label Greg Sheppard

WILL AUSTRALIA ACT TO CURB PNG MONEY LAUNDERING?

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by JACOB PARAKISAN Australian Government inaction on money-laundering by corrupt Papua New Guinea politicians, their business cronies and government officials has once again been exposed by the spotlight of publicity. Evidence given in a Singapore corruption hearing shows that former Prime Minister Michael Somare and his son Arthur used bribe money to pay off residential properties bought in Cairns a few years earlier. The deal, in which Somare was secretly paid $US784,000 (K2.3 million), involved the laundering by Somare and his accomplices of $US3.6 million (K10 million) intended for setting up community colleges in PNG. The court established that the $US784,000 was deposited in Somare’s Standard Chartered bank account in three payments, labelled “housing”. One of those convicted in the Singapore money-laundering case told the court that "if you don’t pay to the PM PNG you will not be able to get business from PNG.”  Singaporean Lim Ai Wah, who was sentenced to fi

WHY WAS PETER O'NEILL SO DESPERATE TO SECURE THE UBS LOAN? THE BEANS ARE SPILLING OUT

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by MARK PARAKISAN S ensitive questions to break out the truth: WHY WAS PETER O'NEILL SO DESPERATE TO SECURE THE UBS LOAN? THE BEANS ARE SPILLING OUT. The very sad details about the UBS loan has been revealed. Knowing all this, one starts wondering why from all accounts, Peter O'Neill expressed more than happiness when the deal with through and the Oil Search shares were bought. Witne sses say he was overjoyed. Overjoyed? Anyone who knows Peter O'Neill knows that he is a man of few outward emotions. Yet, the UBS deal obviously meant something big to him. Very very big. There are 2 very obvious possibilities: Peter O'Neill was either receiving the proceeds of corrupt commissions, or he was profiting greatly off selling shares of Oil Search as the UBS loan co-occurred with the peak Oil Search price. "Corrupt commissions" are when someone with insider knowledge sets up a crony (or a relative) to be in charge of facilitating

O’NEILL GOVERNMENT ISSUES TRAVEL BAN AGAINST FRAUD SQUAD LAWYERS

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by BRYAN KRAMER PNG Chief Migration Officer(CMO) Mataio Rabura has issued a travel ban against National Fraud & Anti-Corruption Directorate Australian based lawyers Greg Egan and Terence Lambert from travelling into PNG. Mr. Rabura issued the directive on 8th September 2015 to all International Airlines and PNG Provincial Border Posts directing them not to uplift Egan or his junior Counsel Lambert to enter PNG. The notice stated in no circumstances are they permitted to allow Egan and Lambert into PNG and failure to comply with the instructions may result in a penalty fee imposed onthe airline. Egan an Australian Lawyer has been practicing law in PNG since 1988 he is currently briefed out by Jema Lawyers to act for Director of National Fraud & Anti-corruption Directorate Mathew Damaru and his Deputy Timothy Gitua in a number of National and Supreme Court cases relating to the warrant of arrest against the Prime Minister. He also acts for Task Force Sweep Chairman Sam K

WHAT HAPPENED TO THE HIGH LEVEL INVESTIGATION INTO MONEY LAUNDERING BY YOUNG & WILLIAM LAWYERS?

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PNG Government To Investigate Lawyers’  Undercover video on Australian TV alleges bribery PORT MORESBY, Papua New Guinea (The National, June 26, 2015) – The Government will set up a high-powered team to investigate comments by two senior lawyers on ways that suspect funds could be transferred to Australia to bribe Papua New Guinean politicians. It will consist of senior officials from the Bank of PNG, the Justice Department, the Prime Minister’s Department, the Immigration Department, the police and the National Executive Council. Announcing this yesterday, Prime Minister’s Chief of Staff Isaac Lupari said a number of serious claims had been aired on television that related to statements by Greg Sheppard and Harvey Maladina to an undercover operative who filmed the conversations secretly. "The video has since gone viral on social media leading to rumours and innuendo," he said and indicated that the investigation would begin soon. He also said that all government cases be