Paita denies owning district company, defends Finschhafen investment vehicle
Finschhafen MP and Morobe Governor Rainbo Paita has strongly rejected allegations circulating on social media that he personally owns Finschhafen Development Industries Limited, describing the claims as false, misleading and designed to misinform the public. In a statement released yesterday, Mr Paita clarified that the company was established by the people of Finschhafen through the and is intended to serve as a vehicle for investment, project development and economic growth
Morobe Governor Rainbo Paita has refuted claims circulating on social media that he personally owns Finschhafen Development Industries Limited. He stated that the company was established by the people of Finschhafen to facilitate investment and economic development within the district. Governor Paita characterized the allegations as false and misleading, intended to misinform the public about the company's origins and purpose.
This clarifies the ownership and purpose of a district investment vehicle, addressing potential public misinformation.
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