Leaked letters reveal Solomon Islands discussed $US100 billion loan from Chinese businessman

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Solomon Islands Finance Minister Harry Kuma has confirmed that the leaked letters showing him in discussions about a possible $US100 billion loan are authentic.

Documents leaked to the ABC reveal the Solomon Islands Government discussed a $US100 billion loan from a Chinese businessman — an amount of money almost 77 times the Pacific nation's GDP.

Solomon Islands Finance Minister Harry Kuma said the letters discussing a potential $US100 billion loan are authentic.In one of the letters Mr Kuma accepts in principle a proposed 11 per cent brokerage fee — amounting to $11 billion. The news comes five months after Solomon Islands switched its diplomatic allegiance to China and severed ties with Taiwan.An opposition MP alleges it's a scam but the Chinese broker at the centre of the deal insists it is all above board.In a letter dated November 28 last year, Mr Kuma wrote to businessman Terry Wong in Beijing, China, regarding a"potential grant/loan to Solomon Islands".

"I note receipt of your letter … accepting in principle our brokerage and consultancy charges payable upon successful completion of transfer of 100 billion US dollars."


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Chinese corruption in Solomon’s is well known especially in the lands department and revenue so many ways they are cheating the system

Even calling an $11b brokerage fee 'on the high side' is evil let alone wanting that much or agreeing to it.

The Chinese will own these islands through debt. Then they will control them.

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