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Papua New Guinea court dismisses charge against ClearView Wealth director

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Papua New Guinea court dismisses charge against ClearView Wealth director

The Waigani District Court in Port Moresby, Papua New Guinea has dismissed the criminal charge filed against David Brown, an independent director of ClearView Wealth Ltd.

The charge was filed against Brown by the National Fraud & Anti-Corruption Directorate of the Royal Papua New Guinea Constabulary.

In 2018, Melanesian Trustee Services Ltd. accused the National Superannuation Fund, or NASFUND, of attempting to remove and replace the current fund manager of the Pacific Balanced Fund. The allegation led to the arrest of David Brown, who works for NASFUND.