The family of Sir Julius Chan, deputy prime minister of Papua New Guinea, is reported to have made a profit of $1.4 million(A) through the 1986 initial share offering of Placer Pacific, a company controlled by Placer Development. Placer Pacific is a gold exploration and mining company with operations in Australia and Papua New Guinea. Sir Julius could face charges of misconduct over his handling of the share issue.
Be the first to comment on "CROSS-CUTS SIR JULIUS IN TROUBLE"