The 42 year old identified as one Chin Sik Son who owns a company called Pako F C holdings based in Port Moresby was arrested by detectives from the National Fraud and Anti-corruption directorate recently.
In a media statement, Director for National Fraud and Anti-corruption Directorate, Mathew Damaru said Sik Son was arrested following a lodging of a complaint by the Kumho Tyre Mart limited in Lae, following allegations of overdue bills amounting to over 200 thousand kina.
It is alleged that in February 2014 Chin Sik Son had placed an order at the tyre mart in Lae for various vehicle tyres and tube flaps to the value of K282, 817.68 which also included freight cost.
Since then the accused has never paid this cost despite relentless attempts via emails and fax messages by the tyre mart to get him to pay.
The South Korean was interviewed and charged at the Fraud office at Konedobu and later placed at Boroko police station cells; however he is out now on a K2000 bail and will briefly appear at the Waigani committal court before his case is transferred to Lae.