PNGBLOGS

  by M.J.PASSINGAN The Prime Minister and Minister responsible Hon Duma as trustees of our State Enterprises must come out clean on what is happening at the National Development Bank. Sources reveal that the NDB Board Chairman, Mr. Seeto is a beneficiary of a large contract from KCH involving one of NDB's subsidiaries, People's Micro Bank Limited (PMBL). The Marape Government through its Minister responsible, Hon. Duma recently announced the approval of a new banking entity which will be created from the commercialization of PMBL. What was not announced was Mr. Seeto will be featuring heavily in implementing this with a contract of 40-50 million kina. Mr. Darrell Seeto has been perfectly set up in a dream job.  He will oversee the commercialization of PMBL as Chairman of the NDB Board and a service provider in what is a clear example of blatant abuse of power and fiducial responsibility. Sources also indicate that the NDB Board is highly comprised, and its Chairman is "run

  by POROLO PERIAP Ru Lu aka Dora Lu graduated from university in Shanghai in English Literature. She went to work for a Chinese State cultural agency as a researcher in Taiwan Affairs. At the age of 23, she was seconded to a second Chinese State Agency to secure access to funding for the cultural agency. Unbeknownst to her, she was groomed to be the mistress of the head of her new employer. She lost her virginity to the head of the state agency, her former employer got access to all the funding it required. In time, she married a man who was migrating to Australia as a way of escaping her circumstances. She bore a daughter, Catherine, who is now 8 years old.  However she returned to China to beg the man to who she was once a mistress, to giver her work. This man is now a very powerful figure in the PRC Government. He directed all SOEs from the PRC with interests in Oceania, to use Dora Lu as their agent to facilitate and secure contracts in the region.