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PNG PM Marape wants COI into UBS loan set up at the earliest

Papua New Guinea Prime Minister James Marape told Parliament today, the National Executive Council awaits the Attorney General's Office to appoint a team in its wisdom who will conduct the Commission of Inquiry into the Union Bank of Switzerland investigation report.

Marape had announced that a COI will be established to inquire the findings following the tabling of the UBS investigation report by the Ombudsman Commission last week in Parliament.

Marape told the house this morning, he is not afraid of the outcome and he would like to see the COI establish at the earliest and actions can be taken on those implicated.

Prime Minster James Marape made it clear he is willing to resign from office if he is in anyway implicated in the UBS loan saga.

He told parliament this morning that no stone will be left unturned during the Commission of Inquiry into the matter of the UBS loan.

The Prime Minister says the inquiry will begin with the political leadership all the way down the line to all that were involved in the UBS deal.

Responding to a series of questions raised by the Komo Magarima MP, Mr. Marape said the Attorney General has been tasked to put a team together along with the terms of reference for the COI.


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