The Department of Public Works has denied receiving US$1m from Imperial Pacific International (IPI).<\/p>\n\n\n\n\n\n\n\n
Northern Mariana Islands.- IPI faces scrutiny over a reported US$1m construction security deposit discrepancy. The Department of Public Works (DPW) secretary,\u00a0Ray N. Yumul<\/strong>, says the DPW did not receive the deposit, refuting claims made by IPI director\u00a0How Yo Chi<\/strong>.<\/p>\n\n\n\n In a letter to Yumul, Chi said IPI had recently learned about the transaction, but Yumul responded that DPW records do not indicate any deposit and that the department does not handle security deposits for construction projects.<\/p>\n\n\n\n How Yo Chi became IPI Director in October<\/a>, succeeding Dongting Zheng, who was based in China. In October, the CCC\u00a0<\/strong>determined that\u00a0<\/strong>IPI had to pay US$62m in casino licence fees<\/a>\u00a0to the CNMI government within 30 days. According to the CCC, IPI owes the CNMI government US$15.5m a year for its exclusive casino licence fees for the years 2020, 2021, 2022, and 2023, giving a total of US$62m.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" The Department of Public Works has denied receiving US$1m from Imperial Pacific International (IPI).<\/p>\n","protected":false},"author":176,"featured_media":24416,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Imperial Pacific International (IPI) is under renewed scrutiny following a US$1 million construction security deposit discrepancy, which the Department of Public Works (DPW) denies receiving. This incident compounds IPI's existing financial liabilities, including US$62 million in overdue casino license fees owed to the Commonwealth Casino Commission (CCC) and the CNMI government.","focusai_entities":"Imperial Pacific International (IPI), Department of Public Works (DPW), Ray N. Yumul, How Yo Chi, Dongting Zheng, Commonwealth Casino Commission (CCC)","focusai_location":"Northern Mariana Islands, China","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"CNMI Enforcement Action","query":"What specific enforcement actions will the Commonwealth Casino Commission and the CNMI government pursue regarding IPI's US$62 million in overdue license fees and the disputed US$1 million deposit?"},{"label":"IPI Governance Review","query":"What internal governance and financial control failures within Imperial Pacific International led to the discrepancy in the US$1 million construction security deposit and the accumulation of significant license fee arrears?"}],"footnotes":""},"categories":[16336,439],"tags":[24134],"class_list":["post-777011223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-legal-news","tag-imperial-pacific-international"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011223"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011223\/revisions"}],"predecessor-version":[{"id":777040946,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011223\/revisions\/777040946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24416"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}