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Former Papua New Guinea Chief Justice Sir Salamo Injia will be heading the Commission of Inquiry into the Union Bank of Switzerland (UBS) loan.
Prime Minister James Marape announced this today when addressing the 2019 PNG Update at the University of Papua New Guinea in Port Moresby.
"The terms will be announced to the nation later today.
"His Honour, retired Chief Justice Sir Salamo Injia has now been appointed as the Commissioner to the Inquiry.
"He will set up a team and basically, the inquiry will look into all matters relating to the UBS saga and transaction.
"Whether there was legality in them or otherwise, whether the germination of the idea where did it come from, how did it start, whether it's beneficial to our country or not.
"If there were losses made, where are the areas of losses? If there are impropriety or corruption. If there are any monies gained illegally in this transaction hidden somewhere
"I will not stand in the way of total deeper investigation into this one so that this becomes a litmus test or this becomes a pointer to our nation's demand to fight corruption to its fullest," PM Marape said.
SOURCE: NBC PNG/PACBEWS
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