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Showing posts with the label KUMUL HOLDING

KUMUL PETROLEUM’S DEALINGS: BANKRUPTED A NATION AND BROUGHT DOWN A PRIME MINISTER

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by REGINALD HAUREVA Reference a recent letter to the Editor of the Post Courier under the  caption “Kumul Petroleum,  Petronas in the making” published on June 12,  2019, authored by one “ BUSH COMMERCIAL LAWYER OF PORT MORESBY”. The timing of this letter is quite uncanny. It was obviously timed to pre-empt and cuff the hand of Hon. James Marape MP, the new Prime Minister, who is the trustee shareholder of Kumul Petroleum Holdings Limited and associated companies (“Kumul”). However, its timing betrays a tinge of fear our bush lawyer obviously harbours in the new government having its own ideas of just what role, if any,  Kumul Board and its current CEO, Mr Wapu Sonk could play, in the greater campaign to take back PNG. For information of the Bush Lawyer, the Kumul Petroleum Trustee has the power to sack any or the entire Board(s) and the CEO, if he pleases. But that is too simplistic. The fact that someone high up in Kumul obviously prompted such a letter to be written is itself s

EXCLUSIVE: MANUMANU LAND FRAUD IS ONE OF MANY INVOLVING O'NEILL, DUMA, POK AND ELUDEME

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by MICHAEL J. PASSINGAN The Duma-Pok-Eludeme fraud over land at Manumanu is only one of a number of corrupt O’Neill Regime activities that are undermining national security and the national interest. They also include frauds against the Defence Department by Defence Minister Pok and his brother-in-law, Defence Secretary John Asi, and the Prime Minister’s facilitation of the granting of illegal citizenship to Indonesian fugitive Djoko Tjandra (Joe Chan). First, the Manumanu fraud. A very senior PNGDF Maritime Officer has revealed that the Manumanu land fraud is a risk to national security. In a Facebook post Karry Frank, a ranking officer, says the Navy project team for the relocation of Lancron advised the Defence Force Commander, the Defence Minister and the Defence Secretary not to relocate to Manumanu. “The project team recommended moving to Motukea, a move that was previously agreed to by all parties concerned,” he wrote. “Manumanu is absolutely NOT suitable for a Na

EXCLUSIVE PROOF: O'LIAR LIED THROUGH HIS TEETH IN PARLIAMENT YESTERDAY, HE KNEW ABOUT THE POK, DUMA, NERAU- KCH DEAL.

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by MICHAEL J. PASSINGAN Prime Minister Peter O’Neill lied to Parliament yesterday when he said he needed a brief on the K50-million fraud by his Minister for State Enterprises, William Duma. Mr O’Neill received a comprehensive brief from the chairman of Kumul Consolidated Holdings, Paul Nerau, two weeks ago, which comprehensively exposed the fraud. A whistleblower within the Department of Prime Minister and NEC has provided PNG Blogs with a copy of Nerau’s report. Instead of immediately reporting the fraud after receiving the report, O’Neill went into cover-up mode, with the assistance of Nerau, to protect themselves and their cronies Duma, Defence Minister Fabian Pok and Central Supply and Tenders Board chairman Phillip Eludeme. The PM and NEC source says Prime Minister refused to refer the matter to the appropriate authorities, including the police and the Ombudsman Commission, instead he tried to sweep the evidence under the carpet. For example he wrote to Kina Bank a