Sir Mek: IPBC court action active

THE Independent Public Business Corporation (IPBC) has not withdrawn its court action against various people and organisations involved with the illegal disposal of Motor Vehicle Insurance Ltd’s shares in Bank South Pacific.
This was the assurance yesterday from Public Enterprises Minister Sir Mekere Morauta who added that the action remained current, although the hearings had been adjourned to next month.
He said continuing investigations into the transaction were uncovering new information all the time, and in light of that new information, the court action might have to be amended.
“But I repeat – it has not been withdrawn as the suspended member for Angoram says,” Sir Mekere said in a statement.
“However, this costly court case was totally unnecessary. Somare and the former managing director of MVIL, Dr John Mua, were in the same household.
“Why is one taking the other to court, when all the minister had to do was to instruct Mua and the MVIL board to return the money?”