Once a crook always a crook
Peter O’Neill was one of the three people who orchestrated the NPF Tower Fraud. He helped steal millions from the retirement savings of ordinary Papua New Guineans and he has never been brought to justice. Mr O’Neill, Jimmy Maladina and Herman Leahy shared in the K2.5 million from the scam. There was a Commission of Inquiry into the NPF. It recommended various people be prosecuted for stealing, amongst other offences. One of them was Peter O’Neill. In what is now known as the Tower Fraud, Kumugai Gumi were contracted to build what is now known as Deloitte Tower in Port Moresby – a large multiple story office building. The original contract price was about K47 Million. But will Bill Skate and his boys badly managing and plundering the country, the Kina was on the slide – from 1:1 with the Australian Dollar in 1997 it had quickly slid to K1 = .75c in 1998/99 Kumugai Gumi began to hurt. The building of the tower was not a hugely profitable project and was really a vehicle to entrench the