UBS loan

UBS Papua New Guinea 'deal': respected figures question PM Peter O'Neill's role

The former leaders called a press conference in Port Moresby on Monday afternoon to slam Mr O'Neill for "bulldozing" the UBS arrangements through government agencies and exposing the PNG people to "huge" risks and costs.

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UBS loan was to clean up Somare mess: PM

http://www.looppng.com/content/ubs-loan-was-clean-somare-mess-pm

Prime Minister Peter O’Neill says the UBS loan obtained by his government last year was done to clean up "the mess left behind" by the Somare Government and the Arabs.

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UBS loan was to clean up Somare mess: PM

O’Neill was responding to an extensive article about the USB loan published by Fairfax Media.

The article titled “How Oil Search deal found trouble in Papua New Guinea” was written by John Garnaut Asia Pacific editor for Fairfax Media and published by the Fairfax media. .

The article showed confidential documents and minutes of meetings leading up to the signing of the UBS loan.