Finance Minister Acted Within Bounds of the Law
The Minister of Finance and Treasury, Hon. Harry Kuma has acted within the bounds of the Public Financial Management Act (PFMA) (part 8 of PFMA: Government Borrowing) to seek further information and details from Mr. Terry Wong who was the promoter of a US$100 million financing offer.
Media reports carrying prematurely leaked correspondences between Minister Kuma and Mr. Wong appears to imply that the Minister was careless on his part to strike a financing deal with an individual promoter.
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