Parliament adjourned after audio system failed


SPEAKER Job Pomat adjourned Parliament after the audio system broke down yesterday when Treasurer Ian Ling-Stuckey was about to respond to allegations of money laundering.
Pomat was forced to cut Parliament off early when Komo-Margarima MP Manasseh Makiba raised allegations that Bank South Pacific (BSP) was aiding money laundering by a politician with eight of BSP customers.
The session is scheduled to resume at 10am today.
Makiba raised concern that Ling-Stuckey was turning a blind eye to media reports raised by the Financial Analysis and Supervisions Unit (Fasu) on July 13.
He claimed that the Treasurer was turning a blind eye on BSP’s report on July 14 denying Fasu’s investigation report and also Bank of Papua New Guinea (BPNG) Governor Loi Bakani distancing himself from Fasu’s investigation report, although Fasu is a unit of BPNG.
Makiba had asked the Treasurer to reveal the eight high-risk BSP customers and the politician who was revealed in Fasu’s investigation report on money laundering.
He said the bank had conveniently chose to allow the eight high-risk customers identified by Fasu to transfer millions of kina without questioning the source of money.