By PNG Echo.
You asked for it – here is is. Another nail in the coffin of the Grand Chief’s aspirations to cover up the Singapore dealings. When he asks that advise he says he’s going to of his lawyers, I wonder what they’ll tell him?
What we know so far is that 3 cheques made out to Sir Michael Thomas Somare were deposited in Singapore bank account No 0374026963
- Dated 16.08.10 and was for $US280,000 – it was deposited on 16.08.10
- Dated 01.09.10 for $US280,000 – it was deposited on 02.09.10
- Dated 12.11.10 for $US224,000 and was deposited on 15.11.10
The Standard Chartered Bank “One Account” of Sir Michael Thomas Somare, for which PNG Echo has two bank statements, one can assume is a different account to the one that the cheques written out to Sir Michael Somare were deposited into as one of the transfers in the Oneaccount came from 0374026963
Hereunder, Sir Michael Thomas Somare’s “Oneaccount’ bank statements for the end of 2010
Transactions of interest
9 September 2010 Statement
17 August – Bulk cheque deposit – $280,000
1 September – Cash withdrawal – $260,000
3 September – Bulk cheque deposit – $200,000
3 September – Cash Withdrawal – $125,000
3 September – Transfer 0309980593 – $125,000
3 September – Transfer of $165,500 from account 0374026963 (see above)
3 September – Cash withdrawal $165,500
9 December 2010 Statement
16 November – Bulk cheque deposit – $224,000
7 December – Clearing cheque – $220,000
In August/September there were three large deposits (and other small ones that I have not taken into account). The total of those cheques was $645,000.
In November there was another for $224,000 – making the grand total $869,000.
In the space of 3 days (1-3 September) an astounding $550,500 was withdrawn in cash, $125,000 was transferred into another account (recipient unknown), then in December a cheque was written on the account for $220,000
In – $869,500
Out – $895,500
NOTE; Incomings are in blue, outgoings in red for ease of reading.
The thought that is exercising my mind is how do you move that amount of cash? What does $550,500 cash even look like? How many suitcases would it fill? How were those funds moved internationally? Was it legal?
Disclaimer: Owing to the indistinct printing of some of the documents, although all care has been taken, we bear no responsibility for any inadvertent mistakes. People should rely on their own reading of the documents that are hereunder provided.
The Cheques and the Bank Statements