Four years on after the money was borrowed, Lawrence Suzuata, 51 of Lonahan village, Buka has been rearrested by police over the allegations.
He appeared in court on Monday and was told police have completed its investigation files against him.
Magistrate Mekeo Gauli adjourned his case to Feb 16 to allow police time to serve what is called the hand up brief to the defendant.
Suzuata told the court he is yet to engage a lawyer to represent him in court.
He was rearrested on Nov 29, 2016 by police and charged with False Pretense surrounding the same facts after his case was struck out last year after police failed to produce its investigation files in time.
He has been appearing at the Waigani Committal Court over allegations that between March and April 2012, he requested assistance from Benjamin Sine to buy gold in Bougainville.
An amount of K34, 000 was given to the defendant by Sine however four years on, that amount is yet to be repay with interest.