In a subpoena duces tecum served to Kaleb Udui, president of NDBP and PSB receiver last Friday, the Senate asked him to submit the supporting and pertinent documents regarding the agencies and appear before the Senate Committee on Foreign Affairs and State Relations on April 29, 10 a.m. at the chamber.
Senate President Mlib Tmetuchl in an interview said that majority of the senators want to find out what is going on in the NDBP and the receivership.
In the subpoena, the senators sought copies of the names of the persons, entities which have outstanding loans with the NDBP.
The subpoena also asked for the name of all employees and members of Board of Directors of NDBP and name of all non-Palauan citizens or corporations who have been given loans by the bank.
The senators also want to find out the interest rates being assessed on loans.
The subpoena also included documents on who appointed Udui as receiver, his compensation and benefits as NDBP president and expenses as receiver.
“Failure to comply with this subpoena may result in your being in contempt of the Senate to include, you may be punished according to law,” the subpoena stated.
The subpoena was signed by eight senators.
