Papua New Guinea to investigate terms of UBS loan
Papua New Guinea will start
preliminary hearings on Sept. 19 into the terms of a A$1.2
billion ($810.5 million) loan from Swiss bank UBS used
for an ill-fated government investment in the gas sector, the
inquiry’s chairman said on Monday.
preliminary hearings on Sept. 19 into the terms of a A$1.2
billion ($810.5 million) loan from Swiss bank UBS used
for an ill-fated government investment in the gas sector, the
inquiry’s chairman said on Monday.
Posted by Reuters
