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Papua New Guinea to investigate terms of UBS loan

02 Sep Papua New Guinea to investigate terms of UBS loan

Posted at 01:53h in News by
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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.

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