22/09/2025
A WOMAN’s personal and her company’s bank accounts held with Bank South Pacific that were credited K1.7 million of PNG Sports Foundation funds have been frozen by the National Court.
Both are operated allegedly by the wife of a former sports minister (named) and the balances, at the time of the restraining order, had significantly declined to just over K300,000.
Court documents indicated that from the K1.7 million paid to one Kathleen Ruth James and her company, Karma Investment Limited, the balances in those accounts as at Sept 2, 2025 stand at K120,611.97 (BSP #0000318038) and K180,712.93 (BSP #0000244588) respectively.
- Pictures supplied
Read More: https://www.thenational.com.pg/k1-7m-accounts-frozen/