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23 results for "Maladina"
THE TOKAUT BLOG

Was Peter Graham right to slam PM Marape over Kumul Minerals Board Shake-Up?

…he currently serves as CEO of Metals Refining Operations a gold trading and refining form which is a wholly owned subsidiary of the Pacific Balance Fund. Hansel Maven is a business partner of Jimmy Maladina, through the company they co-own, Cam Guard Limited. Jimmy Maladina is one of the nation’s most controversial business figures. With close ties to former PM…

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THE TOKAUT BLOG

Pruaitch Tribunal Unlikely to Deliver Justice for the People

…a piece of land owned by Maladina that the latter planned to sell on to the NPF for an exorbitant price. In 2005 Veraga was found guilty on six counts of conspiring with Maladina and misappropriation and he was sentenced to six years jail with hard labour. Although the court found Veraga personally received K27,455 while Maladina netted K117,500, and…

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PNGi INVESTIGATES

COVID-19 Expenditure: Reporting the Red Flags

…Philane Accountants, a company owned by Phillip Eludeme a former Chairman of the Central Supply and Tenders Board. Image: Jimmy Maladina Maladina has been implicated in a series of serious scandals – notably by the NPF Commission of Inquiry. The most recent scandal involves serious allegations that Maladina was running a procurement fixing racket. 2. NKW Holdings Limited The next…

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PNGi INVESTIGATES

Stunning Claim Jimmy Maladina Administered K42m Extortion Scheme

…report Maladina freely admitted the offence and expressed remorse. Image: Jimmy Maladina, reported to have been PM O’Neill’s chief adviser Maladina nonetheless later appealed his conviction and was successful. One of his alleged co-conspirators was not so lucky and served a substantial custodial sentences. Since 2017 PNGi has covered numerous transactions involving Jimmy Maladina. These include a suspicious land deal,…

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THE TOKAUT BLOG

Horizon Oil and William Duma Bribery Scandal

Maladina, in an earlier land deal that would become known as the Waigani land fraud during the famous National Provident Fund Commission of Inquiry. The Commission of Inquiry alleged that Ketan had removed and falsified evidence before submitting it to the commission, in a bid to protect Maladina. Ketan would later go on to represent Jimmy Maladina in another land…

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THE TOKAUT BLOG

Best of PNGi Central 2019: Your Most Read

…read reports in 2019. 4. Jimmy Maladina and the 2017 Election Mystery Jimmy Maladina’s name has featured in a number of PNGi exposés, in this one we revealed his intriguing role in the 2017 election where he funded and supported a rival candidate in the very seat both he and his brother were contesting. 3. Tasion Group Chief Branded Corrupt…

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PNGi INVESTIGATES

Philip Eludeme and the third Manumanu Land Scandal

…first came to prominence in the National Provident Fund (NPF) scandal. A Commission of Inquiry found Eludeme acted as a frontman for one of the central conspirators, Jimmy Maladina. The Inquiry accused Eludeme of perjury, bribery, and unprofessional conduct as an accountant. He was referred to both the police and Institute of Accountants for follow up investigation and sanction. Eludeme…

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THE TOKAUT BLOG

Peter ONeill: Son of a Grotesque Political System

…state enterprises and statutory bodies by Prime Minister Bill Skate. The Commissioners claim that under the leadership of O’Neill’s alleged first cousin, Wandi Yamuna, and a close commercial affiliate, Jimmy Maladina, this predatory network employed executive power to defraud the bodies they were entrusted to manage. O’Neill is accused of being a key player and beneficiary of the scams. PNGi…

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THE TOKAUT BLOG

The Impunity Top 10

…businesses slammed in 4 Public Accounts Committee, 2 Auditor General and 1 Commission of Inquiry inquiries, for which he suffered zip substantive consequences. Politicians remain more than happy to partake in smiling promotional photos with ‘Gummi’ and promote his business interests. Jimmy Maladina: A controversial entry, after all didn’t the Supreme Court exonerate Jimmy Maladina for his part in the…

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THE TOKAUT BLOG

Can the PM Defend a Nation he Wants to Own?

…elite. Prominent names include, Donald John Beattie (Partner in the Pacific Legal Group and PM’s long-term associate), Tiong Sii Huang, (involved in at least 20 companies including Amanab Forest Products, Jaya and Berjaya Construction and Vanimo Supermarket), Ian Jepson (Global Construction), Hao Zhong Luo (China Jiangsu and Jimmy Maladina’s benefactor), Jin So Poh (construction and retail interests and a director…

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THE COURT REPORT

Jimmy Maladina and the 2017 Election Mystery

…the Esa’ala Open seat, Jimmy Maladina. Maladina it appeared had paid the airfares of two key witnesses in the case, Mr Polana Lepani and Mr Joe Bentily Bwan. Under cross-examination Mr Bwan also alleged that ‘Mr Maladina had funded Mr Toweba’s campaign’. This led Judge Higgins to conclude that ‘if it is true [it] leads me to believe that the…

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PNGi INVESTIGATES

The Jimmy Maladina Scandal You Didnt See!

…they were proxies holding the shares on behalf of a third party. In light of PNG Deep Sea Fishing’s close links to Maladina (shared address, wife is the director, linked to Kunjip/Kamor), the documented involvement of Maladina in Land Board Meeting No 2017, the documented use of proxies by Maladina, and his subsequent litigation, it strongly appears Jimmy Maladina was…

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PNGi INVESTIGATES

The K2.65 million question: Jimmy Maladina and Meck Luo

…period. While Maladina evidently confessed to the fraud, and paid K2.65 million in restitution, his conviction was overturned by the Supreme Court, again due to a lack of evidence. Maladina has now seemingly bounced back. He is alleged to be Prime Minister O’Neill’s ‘chief adviser’. O’Neill was another high profile individual in the NPF Commission of Inquiry crosshairs. Maladina has…

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THE TOKAUT BLOG

AGO: Australian Rorts K13 million from Defence Budget

…track record, and a senior civil servant. Set out below are key examples. Name Direct affiliate One degree of separation Biographical notes Belden Namah X Politician + Former Deputy PM Philip Eludeme X X CSTB Chair + Censured by CoI Jimmy Maladina X Businessman + Censured by CoI Theo Constantinou X Australian businessman Wandi Yamuna X Alleged cousin of Peter…

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POWER PROFILES

Fabian Pok: Leadership Tribunal Material

…extensive evidentiary inquiry, the commission claimed Dr Pok received bribes in return for making illicit directives as Lands Minister that benefited Jimmy Maladina and the RH Group. Condemned by the Commission of Inquiry into the Investment Corporation of PNG for a series of illegal orders. One of these directives benefited Port Moresby First National Real Estate Limited. The latter company…

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POWER PROFILES

Chris Haiveta: A Slippery Fish?

…brushes with authority. PNGi has identified five companies owned entirely by Chris Haiveta and a further four companies in which has a substantial shareholding. The man at the centre of the National Provident Fund scandal, Jimmy Maladina, is company secretary for two of the companies owned by Haiveta. All the companies Chris Haiveta owns or part owns are listed on…

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POWER PROFILES

Michael Nali Part 2: Friends, Allies and Business

…by an Indian businessman Sanjay Shah and an Australian, Mohammad Sultan, through their company Supreme Industries Limited. Between 2000 and 2007, Amender Limited held a 40% stake in the bar and casino venture Omerta Limited.[ii] The other shareholders of Omerta (the name is synonymous with the mafia’s code of silence) were Jimmy Maladina and his wife (30% shareholding through Ferragamo…

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PNGi INVESTIGATES

The Midas Touch: Part 3

…cash rich company available for a very cheap price which could subsequently be stripped of its assets to repay the moneys contributed by Mr Smith Kela, Mr O’Neill and Mr Maladina who would then have acquired a licensed financial institution for virtually no cost.[82] However, if this acquisition was a success, RIFL’s license was nonetheless withdrawn in 1999, and the…

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PNGi INVESTIGATES

The Midas Touch: Part 2

…they cooperated. The agreement between Mr Maladina and Mr Leahy with Kumagai managers was that Kumagai would return the extra K2.5 million of NPF funds to Mr Maladina plus an extra K150,000 of Kumagai’s own money as Mr Maladina’s personal “Commission”. An elaborate scheme was put in place, including the fabrication of false documents, so that Kumagai’s return payments to…

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PNGi INVESTIGATES

The Midas Touch: Part 1

…most infamous Skate appointment from this period, involved Jimmy Maladina. During January 1999, Maladina was appointed Chairman of the National Provident Fund (NPF), a compulsory pension fund for private sector employees in PNG.[29] Peter O’Neill states that he met the Maladina family while at University but did not know Jimmy until 1994.[30] Network Map: The connections between Peter O’Neill and…

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POWER PROFILES

Nathaniel Poya

…new liquidator was filed with the IPA in December 2012 However, according to the IPA website, the company still remains ‘in liquidation”. Voco Point Trading liquidation Liquidation documents National Provident Fund controversy NPF Controversy Nathaniel Poya, was appointed to the Board of the National Provident Fund as a trustee, representing employers in January 1999. Jimmy Maladina was already Chairman of…

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THE COURT REPORT

The State -v- Iori Veraga

…few successful prosecutions to follow from the National Provident Fund Commission of Inquiry. narrative The State -v- Iori Veraga Staff reporter The Details On the 19th of October, 1998, Veraga was contacted by Maladina to undertake a valuation of property, Waigani Land in Hohola, Port Moresby. At the time, Maladina was the managing partner of the law firm Carter Newell…

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PNGi INVESTIGATES

Elite network behind Paga Hill Estate

…controversial PNG businessman Jimmy Maladina was the ‘secret owner of Waim No.92 Pty Ltd the shares of which he initially owned through his wife Janet Karl, and an accountant Phillip Eludeme. Ms Karl’s share was later transferred to Phillip Mamando who resided at the Mr Maladina’s residence’. The Commission of Inquiry alleges that ‘Mr Maladina was responsible for bribing Land…

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