The operators of these fast money schemes have been lying to people about their activities so that they continue to rob them of their hard-earned savings. The information that they present to the unsuspecting investors/public are full of lies, deceit and fraud. For instance, the latest false information going around is that the Bank of PNG is holding onto their billions of kina.
Most of the recommendations of these Committees relating to simplification of loan application forms, launching of a new Credit Guarantee Scheme, raising of composite loans, etc have been accepted and implemented.