REVEALING ANOTHER SERIAL LIAR & FRAUDSTER, MAHESH PATEL.
UNDECLARED DIVIDENDS OF K20 MILLION PAID TO KUMUL CONSOLIDATED HOLDINGS LTD AND SALE OF TELIKOM ASSETS; LANDS AND BUILDINGS The current interim Chairman of TPNG Mr Mahesh Patel’s National News Paper publication dated 6th February 2017 page 25, saying that Telikom PNG paid a K20m dividend to Kumul Consolidated Holdings Ltd is yet another lie from Mahesh Patel to justify his existence in Telikom PNG. According to Telikom PNG Monthly Management Accounts as at June 2016, Telikom PNG actually made a loss of K3.7m earnings before tax. Therefore, this K20m is an undeclared dividend payment. This ‘money was drawn from either; the cash savings from Telikom staff prematurely retrenched through the illegal Spill and Fill exercise carried out in 2015 or from unused capital works/project funds. The withdrawal of funds was most probably charged to the Government Capital Grants Accounts or the Owner’s Equity Account. If it was a dividend declared profit, then Chairman should have properly de