10.9 Million Kina to Paper Company, People Suffer while Millions are stolen
SOUTH PACIFIC POST A MAJOR growers organisation is hellbent on getting the National Government to reveal how and why it gave millions of kina to a former Cocoa Board boss to educate farmers about a pest threat. K10.9 million was dispensed by National Planning Department, amid a total of K51 million issued to Finance Minister Peter O’Neill for disbursement. It was granted to a company called Teariki Holdings Limited, owned by Lauatu Tautea , and three other people with the surname Tautea. Mr Lauatu Tautea who appears to be the manager, is the former chief executive officer of the Cocoa Board of PNG. According to the Registrar of Companies office, Teariki was incorporated on August 10, 2010 and several months later was given K10.9 million by the Government. It’s believed to be for fighting the cocoa pod borer disease. Mr Tautea’s term of office as Cocoa Board CEO expired on January 2010 but he stayed on as acting CEO until recently. Another payment of K6 million was paid to a trust accou