The P-N-G Sustainable Development Program is filing an application in the Singapore courts today, to protect itself, following the sacking of its Board of Directors and Chief Executive Officer, as well as freezing of the company's bank accounts, by the Prime Minister.
Board Chairman, Sir Mekere Morauta told NBC News in an exclusive interview yesterday, the Prime Minister's decision has no legal effect, as P-N-G-S-D-P is a Singapore-registered company, with an agreed Memorandum and Articles of Association.
Sir Mekere says, even putting in a transitional administration of the company, is illegal.
He says, Prime Minister, Peter O'Neill will have to appear in court in Singapore, to answer to his actions.
"The prime minister has to argue in Singapore that his sacking of the directors of a Singapore company is legal, that his sacking of the managing director of a Singapore company is legal, that his freezing of the accounts of a Singapore company in PNG legal.
"He's got to argue that in Singapore law, plus his transitional committee," Sir Mekere said.
Meanwhile, Sir Mekere says the 59 P-N-G-S-D-P staff were paid out their entitlements, two-days before the Prime Minister froze the company's bank accounts.
He says, money will have to be found elsewhere to pay out the skeleton staff.
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