| Sydney Morning Herald | Edited
SYDNEY - The wife of Papua New Guinea’s former prime minister Peter O’Neill, Lynda Babao, has bought a K15 million house on Sydney’s upper north shore just months after a Point Piper residence that was previously home to their son was sold on the quiet K30 million.
The Point Piper duplex was linked to PNG’s former first family in May last year just days before O’Neill stepped down from the top job following weeks of high-level defections from the ruling party.
At the time it was reported by the Australian Financial Review that O’Neill’s son Brian was living at the Point Piper residence despite the property being owned by one of PNG’s richest people and one of O’Neill’s closest associates Sir Theo Constantinou.
Records show the three-level property on Point Piper’s Wolseley Road exchanged off-market last September but was only lodged in new owner Shi Wei’s name when it settled more than nine months later.
O’Neill returned from Sydney to PNG in May to give evidence at a corruption inquiry into the UBS loan affair in which the country’s leaders are accused of breaking the law in 2014 in approving a $US1.2 billion load from the Swiss bank. The inquiry is ongoing.
Upon his return he was arrested by police at Jackson's International Airport and taken in for questioning over alleged misappropriation and corruption involving the purchase of two generators from Israel.
He was later released on bail.
Ms Babao’s newly purchased K6 million residence is a six-bedroom, Hamptons-inspired home set on 1,800 square metres of land.