On the 28th of January 2020 The Sydney Morning Herald/The Age published articles outlining that a former Paladin Director alleges he had been corruptly approached by a senior PNG Government official for money.
On a number of occasions between May 2019 and October 2019 the Paladin Board sought a formal statement from the former Director to substantiate these serious allegations.
When the former Director provided a statement to substantiate these allegations in late October 2019, it was unsigned and prefaced by the comment “I am not prepared to submit this as a signed statement as I cannot verify the details to my satisfaction”.
Paladin has previously alerted both the Australian and PNG Government that there was not probative evidence that could sustain these assertions by the former Director. Paladin has previously been the target of criminal fraudsters attempting to extort money. Where appropriate these approaches have been reported to the PNG and Australian authorities.
Following his resignation in November 2019 solicitors representing the former Director made a significant financial claim against Paladin.