Posted By Staff Reporter
ALL those implicated in the K3 billion Union Bank of Switzerland (UBS) loan deal will be prosecuted and sent to jail, says Prime Minister James Marape. Marape called it the “biggest government corruption” deal under the Peter O’Neill-led government. “After the formation of the (new) government, we will prosecute those who misused money or played a part in the loan (deal),” he said. Marape said the inquiry into the loan deal was completed in April just when the country was about to start the General Election 2022 process. “So the Government had to put their prosecution on hold until after the election,” he said. “We don’t want to be accused of playing politics.
“We are serious about fighting corruption in the country. “We have started the process and we will continue after the formation of the new government.” Marape said his Pangu-led government remained steadfast in the fight against corruption. “(We) also passed the anti-corruption legislation, including the ICAC (Independent Commission Against Corruption) Bill, the Whistle Blowers Act and the Proceeds of Crime Bill,” he said. “They are all part of the effort to fight corruption. “We will return to office with renewed vigour to recover the billions of kina that have been misused, misappropriated or stolen by past governments.” The report on the Commission of Inquiry into the K3 billion UBS loan was handed over to Marape by the inquiry chairman, former Chief Justice Sir Salamo Injia. The inquiry, which cost the country about K30 million to conduct, was established by Marape in 2019 shortly after assuming office. The loan was obtained by the Peter O’Neill-led government in 2014 to buy shares in Oil Search Ltd. The National / PNG Politics Watch next : Why Are Former MPs Contesting PNG Elections Again After They Failed To Deliver And Got Voted Out By People? Note: Let Your Views be heard : Send all your Political Commentaries to us through our email : pngfacts@gmail.com Share this
3 Comments
Nissan Pundi
23/6/2022 04:40:04 am
If it's tru those people send to jail then this country will grow in teams of development and economy will also grew.
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Jude Andupi
23/6/2022 09:26:04 pm
When you look at the corruption,it is like a tree .
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Swokin Jackson
28/6/2022 08:12:23 pm
Who are those calprits stole the money?
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