Does anyone out there really know the reason why is this IG up against the FHL.
Questions I will pose
1. How was the FHL started?
2. Who is FHL answerable to?
3. Has it done violated anyrules of investment?
4. Has it shortchanged the investors
5. Has it taken and not return any of your dime?
Is this a personal vendetta of those in powers to get rid of those successful in business and this is a question I will pose
Is this hunt for FHL
3. Tribal or
4. Purely economical misdemeanour
I hope its purely economic misdemeanour and if it is ...give us the numbers.
God bless the Capitalist
FHL under investigation
Friday, July 03, 2009
Update: 6:33PM THE State has begun proceedings to investigate Fijian Holdings Limited.
This was confirmed by the Ministry of Information in a statement this afternoon.
The statement said this was the reason FHL chairman Isoa Kaloumaira and group managing director Sereana Qoro were asked to "step aside to allow the investigations to proceed without hindrance."
The company has been under considerable pressure after undergoing a series of reforms following the removal of several senior managers and directors since the Constitution was abrogated in April.
A major hurdle resulted in its succesful bid to purchase BP Southwest Pacific Limited's Fiji interests at $190million, a sum that automatically increased as a result of the devaluation.
Concerns were also registered by several shareholders that they were not consulted when the option of a buyout was explored