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Vanuatu

Vanuatu political reviews · melanesia PhD dissertation, Department of Political Science, Northern Illinois University. Post-Courier. Daily. Port Moresby. World Bank. 2002. Papua New Guinea: World Bank Approves the Release of the Second Tranche under the Governance Promotion Adjustment Loan. News Release 2002 /170 / s, Washington d c. in complaints that he had effectively bought a diplomatic passport. Throughout the year his business interests in Vanuatu and involvement with various politicians increased, raising some concerns. Toward the end of 2000 Ghosh's involvement with the Vanuatu government took a somewhat bizarre turn as he presented the country with a gift of a ruby allegedly worth u s$174 million. The stated purpose of this gift was "that it could be used as collateral to get financial assistance" ( TP, 6 Dec 2000). No independent valuation of this ruby was available however, nor was it available to be inspected by customs officers. The ruby's valuation on Australian customs declaration forms was only u s$40,000, casting further doubt on its value. In March of 2001 dealings between Ghosh and the Vanuatu government took a further strange turn when it was revealed that the government had signed an agreement with Ghosh that apparently would http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Contemporary Pacific University of Hawai'I Press

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Publisher
University of Hawai'I Press
Copyright
Copyright © 2002 University of Hawai'i Press.
ISSN
1527-9464
Publisher site
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Abstract

political reviews · melanesia PhD dissertation, Department of Political Science, Northern Illinois University. Post-Courier. Daily. Port Moresby. World Bank. 2002. Papua New Guinea: World Bank Approves the Release of the Second Tranche under the Governance Promotion Adjustment Loan. News Release 2002 /170 / s, Washington d c. in complaints that he had effectively bought a diplomatic passport. Throughout the year his business interests in Vanuatu and involvement with various politicians increased, raising some concerns. Toward the end of 2000 Ghosh's involvement with the Vanuatu government took a somewhat bizarre turn as he presented the country with a gift of a ruby allegedly worth u s$174 million. The stated purpose of this gift was "that it could be used as collateral to get financial assistance" ( TP, 6 Dec 2000). No independent valuation of this ruby was available however, nor was it available to be inspected by customs officers. The ruby's valuation on Australian customs declaration forms was only u s$40,000, casting further doubt on its value. In March of 2001 dealings between Ghosh and the Vanuatu government took a further strange turn when it was revealed that the government had signed an agreement with Ghosh that apparently would

Journal

The Contemporary PacificUniversity of Hawai'I Press

Published: Jan 7, 2002

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