K3m fraud probe almost done

 POLICE investigation files for an Australian man facing fraud-related charges involving more than 

K3.1 milion were nearing completion.

Police prosecutor Chief Sergeant Polon Konio yesterday informed the Waigani Committal Court, presided by magistrate Cosmas Bidar, that the investigation officer was about to complete the files.

The court adjourned the case to March 15. 

Ian John Proctor, 67, from Cairns in Queensland, first appeared in court on Dec 9 last year after he was charged with conspiracy to defraud, false pretence and stealing money totalling to K3,126,830 belonging to the Pioneer Health Services Ltd. 

He appeared in court for his second mention on Jan 21 and the court adjourned his case to yesterday because police were still investigating. 

It was alleged that on June 13, 2007, at the Investment Promotion Authority Office in  National Capital District, Proctor allegedly conspired with a law firm by holding himself out as a director and shareholder of a Pioneer Health Services Ltd and conducted a company meeting to change the company structure when he had already sold his shares and resigned as director of the company. 

It was alleged that he pretended to IPA that he was the director of the Pioneer Health Service Ltd and he allegedly changed 

the company records, removing 

a Frederick Arthur Martens as 

director and shareholder when he was not, with intent to defraud.

It was further alleged that between Aug 24, 2004, and Nov 15, 2015, Proctor while being an employee of Pioneer Heath Services Ltd allegedly stole the 

sum of K3,126,830 from the company.

He was appearing in court on an extended bail of K4000.