These loans are likely to have helped companies buy the bulldozers and trucks used to destroy millions of hectares of tropical rainforest.
Over this time, multiple government reviews, court judgments and non-government reports have also raised red flags about widespread illegality in PNG’s logging sector.
Filings on PNG’s Personal Property Securities Registry (PPSR) show that two loan companies (named), have provided financing for logging trucks, 4x4s and other equipment, as well as property mortgages in Port Moresby and East New Britain.
