VERY SERIOUS OF PNG INTO SOMARE INCNovember 15 2007 at 8:05 AM
FOR THE PEOPLE OF PAPUA NEW GUINEA TO KNOW
PNG people should be concerned about Somare's latest moves to turn the
business interests of PNG into Somare Inc.IPBC controls all of the PNG government's interests including its 18% ownership of Oilsearch. IPBC has now been put under the supervision of Arthur Somare even though Michael Somare is the caretaker Minister for that portfolio.
Somare has now appointed Glen Blake to IPBC Board and appointed Sana
Somare, his eldest son, to PNG Power Board.
Glen Blake is the Managing Director of the Somare family companies
Damai Investments and SBA Constructions Ltd.
Sana Somare is the Managing Director of SBA Construction, a small
contractor company in Wewak.
Sanaand Glen Blake are directors on the boards of these two companies
with all the other somare children.
SBA stands for Sana, Bertha and Arthur construction.
By appointing Blake and Sanato the different boards of the statutory
enterprises and IPBC under control of Arthur, Somare is turning IPBC
and PNG Government's business interests into "Somare Inc."
source: from someone very concerned
Sana Somare is also on the Telikom Board.
Pacom partly owns B Mobile, Pacom is owned by Simon Kaiwi the President
of National AllianceParty (NA).
No wonder there is a lot of fuss about Digicel in PNG; these greedy
people will go out of business thru fair & square competition, so they
cannot rough it up with the big boys in this industry!
Pass on to your trusted friends..!
Re: VERY SERIOUS OF PNG INTO SOMARE INC
|November 15 2007, 2:22 PM |
O gee.......thanks kolex for the valuable info!
|November 16 2007, 11:26 AM |
|This message has been edited by 7milebeach on Nov 21, 2007 10:22 PM|
Re: Thanks Countryman
|November 16 2007, 1:39 PM |
The government's intention to declare SoE nation wide will certainly have some very very serious impact that will stabilize Somare Inc fron NGO and other concerned organiztions and individuals' interference.
The trend is shaping up towards real of Somares owning this resource rich country.
Get the message around quickly and root this greedy and self centred mafia brainy family out of the way.
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