Papua New Guinea’s Police Chief focuses on tracing the UBS Inquiry’s money trail with a dedicated ‘proceeds of crime’ task force.

The Police Commissioner of Papua New Guinea, in a recent press conference, provided an update on the ongoing UBS Inquiry arrests, highlighting the importance of the financial investigation in their investigations. While addressing concerns about the premature dissemination of information on social media, the Commissioner assured that arrests would only be made when police investigations and files were ready.

Commissioner Manning dismissed claims that these actions were politically motivated, asserting that the police had initiated their own criminal investigations separate from the Commission of Inquiry. He stated, “We’ve initiated our own criminal investigations, and these criminal investigations relate not only to what has been uncovered in the Commission of Inquiry but go beyond that.”

A significant revelation during the press conference was the establishment of a “proceeds of crime” task force, dedicated to meticulously tracing the financial aspects of the UBS loan and related transactions. Commissioner Manning emphasized that this financial investigation was not included in the scope of the Commission of Inquiry, even though evidence had been presented to the Commission.

“We’ve initiated our own criminal investigations, and these criminal investigations relate not only to what has been uncovered in the Commission of Inquiry but go beyond that,” said Commissioner Manning.

He explained, “From a purely criminal investigation standpoint, this is the best way we can proceed in conducting a criminal investigation to bring those who are responsible for the UBS loan and facilitating the UBS loan, along with all the other bank transactions and money transitions associated with the UBS loan, to be brought to justice.”

Commissioner Manning was unequivocal in his assertion that this operation was not a political witch hunt, but rather a diligent effort to ensure that justice prevails in the UBS loan controversy. The focus on tracing the money trail is indicative of the police department’s commitment to unravelling the intricate financial dealings that surround this high-profile case.

As the investigations continue to unfold, Papua New Guinea eagerly awaits the outcome of these efforts to shed light on one of the most significant financial controversies in recent memory.

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