Posted on Post Courier
THE Waigani Committal Court would decide if there is a case to answer when it rules on a forgery and alteration of company documents of a Hides landowner company registered with the Investment Promotion Authority.
According to police records, Howard Hole, from Hemari village in the South Koroba, Hela Province, was alleged to have cheated his people and falsified company documents without the consent of the directors.
According to court documents read to the respondent yesterday, it was alleged that he (Hole) without approval from the board in a meeting went ahead and removed directors James Bare, Andale Andaja and Alex Malingi and replaced them with Mai Hiyabe, making him and Hiyabe as the only shareholders and directors.
Based on complaint from the plaintiffs in the proceeding (Bare, Andaja and Andane), the respondent, Mr Hole was arrested by police and charged with two counts of forgery and two counts of alteration.
He appeared before the committal court yesterday in which the court read his statement of facts and adjourned it to March 27, 2019 when the committal court would decide if there is a case to answer at the national court.
According to statements presented to court, the landowners of Hides (Zuku clan) decided that a landowner company called Zuku Development Corporation was to be formed and the people contributed money to start the company.
However the plaintiffs (James Bare, Andale Andaja and Andy Andale) alleged that instead of starting the company, Hole used the funds and started a company called Tuguba PDL 1 Company which was receiving dividends from transport company Trans Wonderland.
The plaintiffs further claim that the dividends were never paid to the shareholders even from the new company he registered with the knowledge of the people and the board members.
He was arrested and appeared before the committal court yesterday before presiding magistrate Cosmas Bidar adjourned the matter to March 27 for decision on the future of the case.
Spokesman of the plaintiffs Andy Andale, a major shareholder, appealed to the shareholders, directors and the members to maintain calm pending the decision on March 27.
“You must not give up, we will hear the result very soon so remain calm and support me and the team to pursue what is rightfully ours. The court of justice will prevail and if he wins then that is fine, if we win than justice will be served to us,” he said.
Go to this link for more: https://postcourier.com.pg/court-to-decide-on-hides-lo-company-forgery-case/
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