The search for a "Komodo dragon" reportedly roaming loose on the west coast of PNG has been called off, as it appeared to be a case of hysterical rumors with no substantial evidence that such a lizard was actually present. It may have been a hoax, or a misidentification. (News source.)
Lae city, in Papua New Guinea, has Komodo dragon rumors, as stories of a giant lizard are being passed around, along with the rumor of an expatriate offering a bounty on a Komodo dragon that was supposedly smuggled into the country as an egg, raised up, and which got loose to terrorize the countryside. (News source.) (Rumor story here.)