Transcript
Magistrate Mekeo Gauli said the charges laid against Mr Paraka by the police fraud squad, stemming from a probe by the former anti-corruption agency Taskforce Sweep, were an abuse of court process.
Mr Paraka, who says anti-fraud detectives and politicians colluded to destroy him when there was nothing unlawful about the payments, is in the mood for revenge.
"All the Sweep team members. I'll have them charged constitutionally and criminally. The politicians who were entrusted with the responsibility of overseeing and supervising the Sweep team. But all the members of the fraud squad first and foremost. I will prosecute those bastards myself, and I will deal with them and make sure they go behind bars for various offences committed under the criminal code, both bureaucratic leaders and politicians alike."
Where his case concerned alleged illegal payments by the state of US$30 million to Paraka Lawyers, fraud detectives had sought an arrest warrant for the prime minister in 2014.
Peter O'Neill's lawyers challenged the validity of the warrant which was finally quashed last year after a series of tortuous legal applications, as Taskforce Sweep was disbanded and other prosecuting agencies disempowered
MP Kerenga Kua was sacked as Attorney General by Mr O'Neill in 2014 when fraud investigators were closing in on him.
According to him, the latest court ruling was effectively engineered by the prime minister .
"So the matter was allowed to just float along without any effort by the authorities. It was left in a vacuum, so it's no wonder that it's been struck out for want of prosecution. The court is only dealing with what was on hand, and that was exactly what O'Neill wanted. The mater has never been dealt with on its merit. It's only been struck out on a procedural issue, and the matter still remains alive."
The fraud squad director Matthew Damaru says that a separate set of similar charges against Mr Paraka is still pending.
"He's got other charges before another magistrate. So he's not completely cleared. The case is not over. He will be back in court soon. All the investigations have been completed. It's a matter of going to court and reinstating the matter back. It's up to the Public Prosecutor and the Solicitor-General."
Meanwhile, Mr Paraka says he plans to lay a police complaint in Australia against PNG's former Solicitor-General for misleading federal authorities.
Neville Devete recently appeared before an Australian Federal Circuit Court, applying for a protection visa.
Mr Devete, who in 2012 made a police complaint in relation to alleged "improper payments" made to Mr Paraka's firm, said that following the complaint he had received a death threat and that his family faced intimidation.