Minister for Trade Commerce and Industry and Member for Yangoru-Saussia, Richard Maru has directed for an immediate investigation into the operations of South Sea Tuna Cannery project established in Wewak.
It’s alleged that the Cannery has not been paying dividends to the East Sepik Provincial Government since it came into operation in 2002.
The company had also failed to pick up shares that were bought by funds allegedly obtained from various Local Level Governments in East Sepik Province.
Minister Maru questioned how South Sea Tuna Cannery could still be operating for over 10 years if it was a loss making operation.
He said an investigation team will be established in 2 weeks’ time to probe into the operations of South Sea Tuna Cannery.
Minister Maru said the investigation committee would comprise of representatives from the Internal Revenue Commission, the Department of Environment and Conservation and other agencies of this Department.
South Seas Tuna Cannery is a Taiwanese owned company that came into operation in 2002. The Cannery specializes in skinning and boning tuna for export to overseas canneries.
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