Insiders say that leading up to the sacking of Capital Market Development Authority CEO, Mereia Volavola, she was aggresively pursuing an investigation into FHL and Unit Trust of Fiji, two controversial public companies that has attracted public attention and scrutiny for their lack of corporate governance and poor business acumen, when her contract was aborted two days ago.
It is said that Mereia was demanding full disclosures from FHL and Unit Trust of Fiji board and management for what she termed, “intentional violation of capital markets rules and regulations by the two entities that has severely put members of the public’s shares and units under real high risk”.
While Mereia Volavola’s sacking as a regulatory watchdog is unfortunate, why is it then that the real thieves and law-breakers at FHL and Unit Trust are still allowed to carry on without any full investigation into their unscrupulous mismanagement of shareholders and unit- holders funds?
Posted by rawfijinews
Thursday, August 20, 2009
Sunday, August 2, 2009
Questions for FNPF and Frank
There are five questions that I would like to ask Frank:
1. Where is the new FNPF Board?
2. Where is the FNPF Annual Report?
3. What happened to Momi Bay, an injunction been granted to stop the sale, why has no body reported this?
4. Has FICAC managed to read the Funding Agreements to charge all those involved, the evidence will be found in the Affidavit Supporting the application for the Injuction on the clauses relied upon by Garry Urwin to state that FNPF cannot sell the Resort, this was a scam from the start it will take Teleni 12 months to read, 5 years to understand, and 10 years to compile the file for the DPP’s Office, which will take another 5 years to prosecute, by which time everyone involved would have died?
5. Finally can John Rabuku WITHDRAW the frivolous charges against Ro Teimumu Kepa since the Conference has been canceled and since she was used as a scape goat by unethical members of the Methodist hierarchy?
1. Where is the new FNPF Board?
2. Where is the FNPF Annual Report?
3. What happened to Momi Bay, an injunction been granted to stop the sale, why has no body reported this?
4. Has FICAC managed to read the Funding Agreements to charge all those involved, the evidence will be found in the Affidavit Supporting the application for the Injuction on the clauses relied upon by Garry Urwin to state that FNPF cannot sell the Resort, this was a scam from the start it will take Teleni 12 months to read, 5 years to understand, and 10 years to compile the file for the DPP’s Office, which will take another 5 years to prosecute, by which time everyone involved would have died?
5. Finally can John Rabuku WITHDRAW the frivolous charges against Ro Teimumu Kepa since the Conference has been canceled and since she was used as a scape goat by unethical members of the Methodist hierarchy?
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