Minister receives death threats over speculation of shares online

Business

MINISTER for Public Service and Kikori MP Soroi Eoe says he has been receiving death threats due to false speculations on social media that he owns private shares in the Ihu Special Economic Zone (ISEZ) project.
Eoe said there had been false information being circulated that his son Henry Eoe, ISEZ project director Peter Kengemar and himself owned shares with shelf companies for the ISEZ project.
The companies include the Kikori Resource Holdings Company (KRHC), Ihu Special Economic Zone Ltd and Ihu Special Economic Zone Development Company Limited (ISEZDCL), according to Eoe.
He said he would take legal action against those spreading false information on social media if they continue to do so.
“Remember that the ISEZ project is totally and wholly owned by the KDDA (Kikori development authority) through the Kikori Resource Holdings Company on behalf of the people of Kikori district because the KDDA has funded this project to date,” he said.
“Ihu Special Economic Zone Limited is a shelf company established to carry the shares of the landowners, 50 per cent of which I carry and another 50 per cent which ISEZ project director Peter Kengemar carry on behalf of the LLGs.
“The Ihu Special Economic Zone Development Company Ltd is the third company associated with the ISEZ project.
“This company is 100 per cent owned by Direco Services Limited.
“This company has developed the concept, prepared all the necessary documents for the KDDA and the state, and as per the Special Economic Zone Act 2019.
“The NEC decision No. 269/2020 recognises it as the company that will manage the project office to deliver the project.”

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