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Former PNG PM O'Neill condemns Australian Newspaper For False Reporting and Sensationalism on UBS Loan

Former PNG Prime Minister  Peter O’Neill has called out the Australian Financial Review newspaper for its blatant attempt to create false sensationalism ahead of the upcoming Commission of Inquiry into the UBS Loan.

“The Prime Minister has announced that the Commission of Inquiry will take place and I am looking forward to this matter being cleared by an independent and transparent process."

“I have stated in Parliament that I will be the first person to appear before the Commission of Inquiry."

“I have never met anyone from UBS to negotiate these loans that are the subject of the report."

“The UBS loan was negotiated by relevant and rightful Government officials including Treasury."

“The information that was first leaked from the Ombudsman Commission through dubious circumstances was politically biased."

“If the AFR was serious about finding truth they would be looking at the leaks."

“They would investigate who was behind the leaks and if these are the same members of the OC that were involved in ensuring people mentioned in the report had no right of reply to the claims before they were published.”

Mr. O’Neill highlighted the cheap attempt by the newspaper to link the UBS Loan to a residential property in Sydney where there is no basis for it.

“Attempting to link this property that is owned by a family friend of thirty years is a cheap shot and misleading by the AFR."

“My children have been renting while studying in Australia, and our family do not own any property in Sydney."

“During visits to Australia to see them or for official travel we stay at a hotel, and a decent investigation will reveal that."

“My assets and interests have been fully declared to the Ombudsman Commission since holding leadership positions since 1997."

“The Australian Financial Review is simply trying to make nonsense insinuations that this house is linked to UBS."

“We understand that this property was purchased well before the UBS Loan by the owners who have the right to invest in Australia.”

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