Man admits getting K300,000

A man has pleaded guilty to obtaining more than K300,000 belonging to Maybank Ltd from an armed robbery in Port Moresby three years ago.
Thomas Karo admitted in the Waigani  National Court that he received  K323,660 from the armed robbery of a G4S security vehicle that was transporting a K2.5 million belonging to the Maybank Ltd on Oct 1, 2013.
A State lawyer told the court that no admissions were made during an interview but said there was evidence that police confiscated the money.
The lawyer said there was evidence by six police officers confirming that they had seized the money and Aaron Silas had also confirmed that the money was in the custody of Bank of Papua New Guinea.
Justice Panuel Mogish directed the State to get a confirmation from BPNG indicating that the exact amount of K323,660 was kept in the bank so that the court would not issue orders to have the money brought to court as exhibit.
Mogish adjourned the matter to tomorrow  to allow the State lawyer to liaise with  BPNG.
Karo is on remand at the Bomana prison.