Power tends to corrupt, and absolute power corrupts absolutely. Lord Acton
As Peter O’Neill seeks to gain absolute power and control over revenues from Ok Tedi Mining Limited (OTML), another power hungry man, Paul Anthony Povey, rises to fame and fortune through mismanagement and corruption of the mine’s umbrella landowner company, Fubilan Catering Services (FCS).
The power monopoly was established on the arrival of the new incumbent to the job of CEO of Ok Tedi, Alan Breen, in 2007, when he removed the reputable international caterer, Eurest South Pacific, as managers of FCS and appointed a single person, Paul Povey as Manager.
Observers attribute the start of Povey’s rise to fame, fortune and power to the very close personal relationship he established with Breen between 2007 and 2010.
With this appointment, Povey gained control over the company’s management, it’s finances and overwhelming influence over the ill-educated, ill-informed and ignorant local directors who represent the shareholders in the investment company Star Mountain whose investment (FCS) Povey was managing.
Favours for friends and living the high life
Despite criticism from the OTML community, Breen, compromising the integrity of the office of the Managing Director, pursued the relationship with Povey to the point of using his position to influence decisions in Povey’s favour.