PNG detains two Australian bankers
http://news.ninemsn.com.au/world/1002056/png-detains-two-australian...
A controversial Papua New Guinea businessman denies that intimidation is behind the detaining of two Australian bankers in Port Moresby but says more arrests may be imminent.
Australians Robin Fleming and John Maddison, senior executives of one of PNG's leading financial institution, Bank South Pacific (BSP), are out on bail after being charged under PNG law with conspiring to defeat the course of justice.
Former government minister Peter Yama last month won 7.6 million kina ($A3 million) in a legal battle against a motor vehicle insurance company but BSP moved to secure the money, claiming Mr Yama had millions in outstanding loans.
Mr Yama, a former police officer and serial litigator, told AAP that BSP, their lawyers and their two employees tried to defraud him because of a vendetta dating back to 2001.
"I was the main man against the sale of the bank in 2001, I called an inquiry against the bank (now BSP)," he said.
"No (it's not intimidation) they are arrested because it's very clear they have defrauded me.
"The law is on my side, I will beat them. I win every case.
"I owe BSP nothing, I told the court, I owe them nothing.
"There's another couple of lawyers, while we are talking a few prominent lawyers will be charged."
Mr Yama said he expected another Australian, James Kruse, to be arrested.
Reports say an arrest warrant has been issued for Mr Kruse, a Deloitte PNG senior accountant.
A DFAT spokesperson said the High Commission in Port Moresby had been in touch with relevant PNG authorities on the matter.
"We will be monitoring the court proceedings closely," the spokesperson said.
It is not the first time individuals in a court case with Mr Yama have ended up in jail.
Last year and in 2008 New Zealand-born lawyer Erik Anderson was twice arrested on fraud charges after BSP paid him from money the bank recouped from Yama's account.
Comment was being sought from BSP's Chief Executive Ian Clyne
17:31 AEST Wed Jan 20 20103 hours 36 minutes agoBy Ilya Gridneff
A controversial Papua New Guinea businessman denies that intimidation is behind the detaining of two Australian bankers in Port Moresby but says more arrests may be imminent.
Australians Robin Fleming and John Maddison, senior executives of one of PNG's leading financial institution, Bank South Pacific (BSP), are out on bail after being charged under PNG law with conspiring to defeat the course of justice.
Former government minister Peter Yama last month won 7.6 million kina ($A3 million) in a legal battle against a motor vehicle insurance company but BSP moved to secure the money, claiming Mr Yama had millions in outstanding loans.
Mr Yama, a former police officer and serial litigator, told AAP that BSP, their lawyers and their two employees tried to defraud him because of a vendetta dating back to 2001.
"I was the main man against the sale of the bank in 2001, I called an inquiry against the bank (now BSP)," he said.
"No (it's not intimidation) they are arrested because it's very clear they have defrauded me.
"The law is on my side, I will beat them. I win every case.
"I owe BSP nothing, I told the court, I owe them nothing.
"There's another couple of lawyers, while we are talking a few prominent lawyers will be charged."
Mr Yama said he expected another Australian, James Kruse, to be arrested.
Reports say an arrest warrant has been issued for Mr Kruse, a Deloitte PNG senior accountant.
A DFAT spokesperson said the High Commission in Port Moresby had been in touch with relevant PNG authorities on the matter.
"We will be monitoring the court proceedings closely," the spokesperson said.
It is not the first time individuals in a court case with Mr Yama have ended up in jail.
Last year and in 2008 New Zealand-born lawyer Erik Anderson was twice arrested on fraud charges after BSP paid him from money the bank recouped from Yama's account.
Comment was being sought from BSP's Chief Executive Ian Clyne
17:31 AEST Wed Jan 20 20103 hours 36 minutes agoBy Ilya Gridneff
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
Wading Into the End
This is the existential bendWhen it appears, you’ve come to the endNo family no friendsNo way to…See More
"Cheeki kea, I pray that the insanity doesn't deepen and there's been an attack by some 18…"
Disgraced Former CNN Anchor Don Lemon Arrested
No longer an employed journalist, Don Lemon had been seen with far left agitator, Nekima Levy…See More
"Good poem for these times. I think it's only going to get worse though as we enter into the…"
Our Crazy Modern World
I'll be your host tonight in our first episode of "Our Crazy Modern World". Join us now!Apparently…See More
"What a bummer. Can't tell thie 'dead' guy to eat shit now."
2DF36465-A826-443C-A3A8-6638BC1D4FFA
"Venezuela under Chavez had cut ties with the IMF and World Bank. He had suggested that the US had…"
G_LrzqtXMAAhT7w
"Derelict of duty should be reason for removal of these judges. That would go against what is in…"
2DF36465-A826-443C-A3A8-6638BC1D4FFA
"You can't subvert a nation that has already been subverted by Marxists and drug cartles who…"
2DF36465-A826-443C-A3A8-6638BC1D4FFA
"Venezuela was once a thriving nation until the left and Communism infiltrated the government, and…"
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network