Former Oil Search boss Peter Botten says UBS ‘greedy’ on fees
Angus GriggNational affairs correspondent
Former Oil Search managing director Peter Botten has branded UBS “greedy” for the fees it charged on a deal in Papua New Guinea and said he was uncomfortable with the investment bank being on both sides of the transaction.
In much-anticipated evidence to the royal commission into the so-called “UBS loan scandal”, Mr Botten singled out the investment bank for criticism.
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