But Woodlawn experienced not received the licence, arguing it was performing only because the Australian agent to the investor Which it were supplied authorized tips to mirror this reality.

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It's got currently sparked controversy in PNG with politicians elevating problems regarding how the $forty three million fund, which belonged to The federal government-owned entity called the Motorcar Insurances Confined (MVIL), was sent out on the place in 2009.

The revelations have emerged from a row about $43 million of PNG authorities money which was squirrelled away in a little place bank branch in Lismore in northern NSW.

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"If I had the advantage of hindsight with the time I would've taken reverse positions and been hailed to be a hero," McNamara stated. "Inside the gatherings which took place my assurance in the strength of the Australian economic system and its markets was not justified and I lost my shopper cash.

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And a business they directed also paid out hundreds of A large number of dollars within a referral or introduction price to your previous PNG primary minister's son in link with getting the deal to invest the resources.

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4 years Govt focusing on totally free, truthful election, suggests Marape THE Government is focused on providing a absolutely free and fair basic election upcoming calendar year, says Prime Minister James Marape. Marape said this in the course of the opening of two-working day national integrity summit […]