Police want to ask directors over funds

National, Normal

The National, Friday 18th November 2011

DETECTIVES in the National Capital District are looking for two directors of a logging firm in the Momase region to be questioned over missing funds.
Police said the funds were released by the Department of Finance and held in a commercial bank which liaises, facilitates and conducts transaction for the landowners.
Police said the two directors, from another company, conspired with others to divert the funds earmarked for the Hawain Local Forest Area in East Sepik, for their own use.
NCD metropolitan commander Supt Joseph Tondop said they had received complaints from the landowners that their money had been misappropriated by the pair and other people from the same area who were not part of their group.
Tondop said the two directors allegedly conspired with others and withdrew the money under a different company name.
He said according to the statements, the two directors bought three vehicles, a mobile sawmill and gave cash handouts to people using the funds they allegedly illegally acquired.
Tondop said the landowners discovered the anomaly after noticing that funds released to them by finance were not in the company account.
Tondop said while the genuine landowners were suffering, “a few people who know how the system operated collected the money, abused, conspired and divert these money for their own gratification”.
“Such money is rightfully for everyone who are legitimate landowners who are at home.”
He said his officers were investigating the matter and would question the two directors.