PNG to seek damages on UBS loan deal
PORT MORESBY — An investigation will be conducted into the “main players” in the Union Bank of Switzerland (UBS) K3 billion (US$1.3
April 26, 2022
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PORT MORESBY — An investigation will be conducted into the “main players” in the Union Bank of Switzerland (UBS) K3 billion (US$1.3
Swiss investment bank, UBS, needs to lift the transparency around how the sovereign lending sausage it sold to the PNG government was
Papua New Guinea Prime Minister James Marape says those implicated in the controversial K3 billion UBS loan will be criminally prosecuted.
Papua New Guinea lost US$432 million on a loan arranged by the Sydney office of the Union Bank of Switzerland (UBS) in
Papua New Guinea lost US$432 million on a loan arranged by the Sydney office of the Union Bank of Switzerland in 2014, far more than earlier thought.
