In the next installment of a James Bond-like, high-seas theft, the Bank of Papua New Guinea has warned that K160 million in paper banknotes, which it had designated to be destroyed, has been hijacked and some has found its way back to the country from Indonesia.
So far, of the total amount, only K1 million has been recouped. The notes, in denominations of K2, K5, K10, K20, K50 and K100, were sold to a recycling company in Europe in 2013. They were loaded into a container for shipment to Europe but the container was stolen.
Its believed high officials from Papua New Guinea been involved in this money theft. And the money is believed to be used in running campaigns in 2017 general elections