PNG Police have arrested and charged a former employee of a finance company over a coordinated internal fraud scheme that is alleged to have stolen close to K2.1 million through forged invoices, inflated quotations and collusion with accomplices.
“The National Fraud and Anticorruption Directorate investigated and charged a 36-year-old former Assistant Property Manager,” Police Commissioner David Manning said in a statement.
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“Police allege that he conspired with coworkers between January 2025 and January 2026 to create fake supplier invoices and redirect corporate payments into bank accounts controlled by the group.
“A major component of the fraud involved a separate company, which had submitted genuine invoices.”
“Investigators established that the suspect and his accomplices generated inflated payments being paid into accounts they nominated.”
The suspect was brought to the National Fraud and Anticorruption Directorate (NFACD) in March, interviewed, and admitted to the offences. He was formally charged with:
• One count of Misappropriation (Section 383A, Criminal Code Act); and,
• One count of Conspiracy to Defraud (Section 407, Criminal Code Act).
The suspect was refused police bail and is currently detained at Boroko Police Station.
Commissioner Manning said the arrest demonstrates the Constabulary’s commitment to protecting businesses from organized white-collar crime.
“This case highlights the increasing prevalence of internal fraud schemes targeting corporate entities.”
“The Constabulary acted swiftly, and we will continue to pursue every individual involved in this conspiracy.”