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 billion) loan deal, says Papua New Guinea Prime Minister James Marape. He said
UBS
Time for UBS to come clean on PNG loan
Swiss investment bank, UBS, needs to lift the transparency around how the sovereign lending sausage it sold to the PNG government was made, and what it earned from making it. UBS can respond in one of two ways to the
PNG K3billion UBS loan report released
Papua New Guinea Prime Minister James Marape says those implicated in the controversial K3 billion UBS loan will be criminally
UBS Inquiry: Loan losses quantified
Papua New Guinea lost US$432 million on a loan arranged by the Sydney office of the Union Bank of Switzerland (UBS) in 2014, far more than earlier thought, the UBS Inquiry has heard. Current Prime Minister, James