by JACKSON PUNDU Kumul Consolidated Holdings (KCH) has become a safe haven for thieves and robbers, both Papua New Guineans and foreigners. Unfortunately some leaders are allowing this to happen and are nurturing it, to be blunt. They know millions of Kina floats around KCH and they want to get in there and have a slice of it. This is squandering what is rightfully our people's money and assets. If you have noticed, there have been countless restructures in the recent past, all in the name of better alignment and efficiency but these are hog-washed tactics to cover up hidden selfish motives. KCH's recent changes to include Kumul Communications with its expanded vertical structure is nothing more than an attempt to wrestle the state telecommunication entities ( Telikom, Bmobile and DataCo ) out of the hands of the Government into private hands. This is the big picture at play, directly under the watchful eye of the Prime Minister Peter O'Neill. They
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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