Category Archives: Political Opinion

Cairns real estate – who owns what?

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The Finance Department, the IRC and the Bank of PNG were, this week, summoned before the Public Accounts Committee to report on money laundering measures.  In conclusion:  “The Committee and the three institutions agreed that the country is vulnerable to money laundering…” (National 28 November 2013.) By PNG Echo. Sam Koim, of Anti-Corruption Task Force Sweep told an AUSTRAC audience in Australia last year that of all the investments by PNGeans in Cairns real estate, “Not all…can possibly be derived from legitimate funds.”  Remember? To recap on my article in PNGs Post Courier, around this time last year: between the Continue reading Cairns real estate – who owns what?→

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Ok Tedi Landowner company rorted: Mangi Mining with Tony Stone:

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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 Continue reading Ok Tedi Landowner company rorted: Mangi Mining with Tony Stone:→

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