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Showing posts with the label SOE

Why we do not believe Minister Bryan Kramer latest Explaination

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by PAUL AMATIO
As a Papa New Guinean, I take serious offence at the statements made by Mr Kramer explaining and justifying the high speed arrest, trial and conviction the drug pilot. It stinks of misinformation, misdirection and cover up. In an effort to gain credibility, Mr Kramer paraphrases Assistant Commissioner Lesa Gale of the Australian Federal Police stating that this was a 2 year multi-agency operation involving Australian law enforcement agencies and the Royal Papua New Guinea Constabulary (RPNGC) and that they had been tracking the flight as it left Australia en route to PNG. ACP Gale is credible so that’s fine. His falsehoods start in the following statement that: “At the time Police had yet to obtain any direct evidence of drug smuggling. No witnesses had come forward and no drugs were found at the crash site.” It clearly contradicts his assertions that he had been kept informed of what had been happening. It was a suspected drug run so why weren’t the Pol…

THE RISE OF THE SEPIK MAFIA

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by KEVIN MENDAKA
The shocking arrest of former Prime Minister and Member for Ialibu Pangia Hon Peter O’Neill, CMG  came about when the SOE Order for 14 days quarantine law was violated by the Special Investigation Team operating at the Police Headquarters.

The Special Investigation Team was using a warrant issued by the Waigani Committal Court from a Magistrate whose jurisdictions is in question on whether or not the Magistrate has powers under the Arrest Act or Search Warrant Act to issue warrants.

It appears the Magistrate that issued the Warrant was a level 4 Magistrate thus contrary to law as the powers to issue warrants only authorized and sanctioned by law to be signed of by the Chief Magistrate, Deputy Chief Magistrate and Senior Provincial Magistrate (All Level 5).
Interestingly this Magistrate is from East Sepik Province and the policemen involve from East Sepik Province.

The blame game will now continue, in amidst of confusing there are fake social media news circulated lately…

THE DECEPTION: Little Mongoloid Treasurer And His Bandit Of Caucasian Advisors

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by Therow Zuaru ▪️IMF Structural Adjustment Politics The global economic and financial system is a system of lies, deception and predation on a large scale. The World Bank, IMF keep the public in a position of indentured servitude, through perpetual debt, inflation and interest. The basic scam is simple: Put a country in debt either by its own indiscretion - or through corrupting the leader of that country - than impose "conditionalities" or "structural adjustment policies" often consisting of the following: • Currency devaluation - when the value of a currency drops, so does everything valued in it. This makes indegenious resources available to preditor countries at a fraction of their worth. • Cut social programs - large funding cuts for social programs. This usually include education and healthcare - compromising the wellbeing and the integrity of the society - leaving the public vulnerable to exploitation. • Privatization - privatization of state owned enterpris…

O'NEILL'S SECRET LOAN FROM IMF/WORLD BANK SEEN AS LAST RESORT TO PROP FAILING ECONOMY

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by MICHAEL JOSEPH PASSINGAN

The foreign banking system is bringing more bad news for Papua New Guineans suffering under the corruption, waste and reckless financial and economic management of the O’Neill Regime.

The International Monetary Fund, an arm of the World Bank, is lending almost K1 billion so commercial banks – BSP plus the two main foreign-owned banks ANZ and Westpac – can prop up the bankrupt government of Peter O’Neill.

The fact that the IMF is a lender of last resort to failed economies illustrates exactly how bad the nation’s economic and financial problems are.

The fact that the O’Neill Regime and the Bank of Papua New Guinea are keeping this loan secret adds to the fears that is a very bad deal for Papua New Guinea.

The K1 billion, to be managed by the central bank, will allow the commercial banks to continue to buy government investments such as Treasury Bills, Inscribed Stock and Central Bank Bills, and possibly lend more money to State-Owned Enterprises.

As a result…

PRIME MINISTER KEEPS LYING ABOUT THE MOUNTING NATIONAL DEBT

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by MICHAEL J PASSINGAN

Prime Minister Peter O’Neill reckless, corrupt and unnecessary borrowing is hurting families and crippling the nation with debt that future generations must pay. In 2015 actual Government debt reached K18,571.40 per household under O’Neill. That number will increase with new borrowings proposed by the Prime Minister, including the $1 billion sovereign bond issue. Families must repay O’Neill’s debt whether they like it or not. Repayment will require new domestic revenue-raising and cost-savings: Higher personal and corporate taxes as well as a 50% increase in the GST Increases in SOE fees and charges such as O’Neill’s secret rises for all MVIL services including registration and insurance A further decline in government services and outsourcing of service provision to the Prime Minister’s colleagues and cronies A fire sale of government assets and equity including SOEs such as PNG Power and Air Niugini to the Prime Minister’s colleagues and cronies Further cuts to essentia…

THE NUMBERS DONT LIE PETER O'NIELL

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by JACK KUMAN

Prime Minister Peter O’Neill is telling us that the economy and government finances are in good condition.

But the official numbers from Treasury and the Bank of Papua New Guinea tell a different story.

They tell us that Papua New Guinea is rushing towards an economic and financial disaster.

The numbers do not lie, unlike the Prime Minister.

Since he grabbed power in mid-2011, the economy and government finances have got worse and worse until today the Government is virtually bankrupt.

Now the Prime Minister and his partners in crime have resorted to stealing from State-Owned Enterprises to try to prevent a complete financial crash. They have demanded hundreds of millions of kina, including from LNG landowners’ funds held in NPCP and reserve and operating cash from National Fisheries Authority and MVIL. This is in addition to the hundreds of millions of kina already drained from SOEs last year and earlier this year in fake “dividends”.

O’Neill’s corruption, waste and mis…

LR GENSET SCAM - What you were not told.

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by JOSEPH KAWAGE So a warrant for the arrest of Treasury Secretary Daire Vele has been issued and is to be enforced. Not before time. As Treasury Secretary he has been running a number of illegal operations for the Prime Minister, the two biggest ones being the illegal UBS loan and the illegal purchase of two mobile power generators. Police want to arrest him on charges of official corruption, misappropriation and fraud. The basis of the charges is documents provided to the police, the Attorney-General, the Ombudsman Commission and Task force Sweep by a whistleblower at PNG Power Ltd, and these documents show that a very serious and widespread fraud conspiracy took place at the highest levels of Government, business and State-Owned Enterprises. Most of these facts were detailed In Parliament in early 2014 by the then Opposition Leader, Belden Namah. Responses were supplied by the Prime Minister himself, and his office, in a number of statements. All of the PM’s official statements furthe…