Papua New Guinea delays inquiry into UBS loan for ill-fated Oil Search stake
Papua New Guinea has delayed an inquiry
that was due to begin this week into the terms of a A$1.2
billion ($819.00 million) loan from Swiss bank UBS that
was used for an ill-fated government investment in the gas
sector.
that was due to begin this week into the terms of a A$1.2
billion ($819.00 million) loan from Swiss bank UBS that
was used for an ill-fated government investment in the gas
sector.
Posted by Reuters
