Tuesday, July 3, 2007

Fijian Holdings Plundered

Imagine you are the Head of a Development Bank and you can approve loans to people?

Imagine you set up a company and install a token figurehead (and retain all control yourself and) get your company to apply for a loan which you will get your "kai" to approve?

Imagine that you then use this money to buy shares in Fijian Holdings Ltd, and one of the first things you do as PM, is use $20 m of taxpayers money to help keep Fijian Holdings viable.

After all, you have invested a lot of your money (funded by taxpayers again through the FDB) in the company.

There is something rotten in the state of Denmark said Shakespeare. Its probably good hes not alive today as I wonder what he would say about the state of affairs of the Fijian Holdings Ltd?

Have a look at some names that come up when you go into Fijian Holdings and see who gained the most.

No, not the ordinary person, but the same old people who have always enriched themselves"

KJY INVESTMENT LIMITED [KONISI YABAKI] 50,000
LANA INVESTMENT LTD [RATU N. LALABALAVU] 95,000
MB INVESTMENT LIMITED [M BULANAUCA] 100,000
MARKIN INVESTMENT [ISIKELI TAOI] 100,000
MEPSAN INVESTMENT [PECELI MATANITOBUA] 67,932
RABULI INVESTMENT [MEREANI RABULI] 50,000
RAFIRE LINVESTMENT [M. RABUKA] 100,000
TAOI INVESTMENT [J VITUSAGAVULU] 150,00012.
TUKULA HOLDINGS [SIR JOSAIA TAVIQIA] 100,000
YALIMAIWAI INVESTMENT [ANARE BULA] 100,000

My thanks to Mr Fiji for his research. Great research Mr Fiji, great piece of investigative journalism.

INDEPENDENT,BALANCED,IMPARTIAL.

3 comments:

Jope said...

Taxpayers money is their money, thats what these corrupt politicians think

Anonymous said...

FDB was run int the ground, followed by NBF.

Its the innocent taxpayer who lost out

Sitiveni said...

trust a fijian to screw us fijians...

N that line up looks amazingly like the former SDL government.

Am not a fan of the interim regime but am also not a fan of L Qarase.

In my opinion they all just gettin the cream for themselves!