Yama Group of Companies

The adjournment is to allow time for businessman and Madang Governor Peter Yama, to get proper legal advice and file his submissions on a counter-claim of K17 million by BSP against the Yama Group of Companies.

Yama filed the lawsuit in 2015, claiming the damage of K2.7 billion, after the Supreme Court on December 2014, ruled in favour of Smugglers Inn Ltd and the Yama Group of Companies, following a 13-year court battle with Bank South Pacific (formerly PNG Banking Corporation).

The trial started yesterday afternoon with the tendering in of court documents after a preliminary applications to have the trial further adjourned was refused by Justice Ere Kariko.

Yama asked for an adjournment to engage the services of an expat lawyer, preferably a Queen’s Counsel, after he withdrew instructions from his lawyer on Monday morning when the trial was to begin.

He appeared in person in court yesterday.