OC REPORT INTO UBS LOAN IMPLICATES PM: NAMAH
Opposition Leader, Belden Namah has called upon Prime Minister James Marape to make clear his stance on the Royal Commission of Inquiry into the UBS loan affair.
However, denying his involvement, Marape earlier assured Namah that those implicated would be prosecuted. https://pngsun.com/2021/08/02/pm-marape-tells-namah-those-involved-in-ubs-deal-to-be-punished/
In a media statement today, Mr Namah has also called upon all participants in the decision making process of the loan decision.
They include Mr Marape and other ministers of the former O’Neill National Executive Council who are bound by the principles and practice of Cabinet Confidentiality and Cabinet Solidarity.
It is so sad to see Mr Marape and former ministers and senior public servants distance themselves from the UBS loan deal.
“My question is: what were the advices and recommendations given to the Prime Minister at the time?
“If their advice was discarded out of hand or ignored as they seem to be saying at the Inquiry now, Why did they all not act on their convictions and resign en-mass at the time?
If they had done so, their stand would have had some meaning and their integrity and resolve respected.
“As it stands, the UBS loan is the decision of a legally constituted Cabinet and it is a legitimate government decision by all the principles and workings of democratic government. All who where part of that government are legally and morally bound by that decision.
“To distance themselves now is childish behavior and cowardly. As leaders we must stand by for our decisions and actions.
THE OMBUDSMAN COMMISSION REPORT INTO UBS LOAN
l do distinctly recall the current Prime Minister in his then capacity as the Finance Minister defending the UBS loan, saying PNG will not go broke by the loan decision. And that, it was clearly in the interest of PNG to protect our large home-grown big companies.
Be that as it may, we have an earlier investigation by the Ombudsman Commission Report into this saga that was handed to Prime Minister Marape. He has tabled this report in Parliament. The report recommends prosecution of all involved in the loan saga, including Mr Marape.
“The Ombudsman Commission report in its findings, finds Mr Marape as equally culpable.
“The Ombudsmen Commission did not require extra funding. It is a Constitutional body mandated to undertake such investigations.
“Why has the Ombudsmen Commission report been ignored out of hand in favor of a hugely expensive Commission of Inquiry looking at exactly the same evidence all over again?
“Perhaps Mr Marape would like to answer that.”