Fiji Coupfourpointfive: Trustees sacked from Govt-controlled UTOF

#header-inner img {margin: 0 auto !important; #header-inner {text-align: Center ;} Fiji Coupfourpointfive: Trustees sacked from Govt-controlled UTOF

Thursday, April 16, 2009

Trustees sacked from Govt-controlled UTOF

The three trustees sacked from the Unit Trust of Fiji, all had major qualifications.

Gilbert Veisamasama (pictured right) was an economist who'd worked for the Fiji Reserve Bank, Mesake Nawari was a University of the South Pacific economist and a former CEO of Fiji TV, and Mere Rakuita was a lawyer with the office of the attorney general, Aiyaz Sayed-Khaium.

The Unit, or UTOF as it's known locally, is understood to hold a significant amount of money in trust ($90,000,000) for the small businesses and investors it represents.

Bloggers have recently suggested that while the interim government's nominal shareholding in the company is just $50,0000, (a value of $250,000) it may try to claim the entire fund.

No comments:

Subscribe to: Post Comments (Atom)

Analogies by Coup 4.5 bloggers

"Like trying to get rid of the smell of a skunk off your clothing is like trying to make MPC go away."

"Like asking Madigan to make his own decision."

"Like asking Saneem to think for himself."

"Like asking Gates to ignore Khaiyum."

"Like asking Graham Davis to write something when he is sober."

"Like asking Aslam Khan to protect your mobile email and texts."

"The Dracula guarding the blood bank is more like Fiji Sun running an election poll."

"Like entrusting RFMF Commander Bainimarama to guard the Government and Constitution of Fiji."

"Like naming Sayed-Khaiyum Minister in charge of Elections!"

"Like asking Ratu Epeli to guard a 100-year old Scotch."

"Like asking Tony Gates to protect a greased and slumbering Ceylonese bunghole."

"Like asking Shaista Shameem to be Commissioner for Human Rights."

"Like asking Esala Teleni to watch over your donut shop."

"Like asking Premila Kumar to keep her mouth shut."

"Like putting John Samy in charge of airport luggage."

"Like giving Bainimarama some home brew and the keys to your Nissan Pathfinder."

"Like hiring Graham Davis to be your lecturer in media ethics."

“Like asking Chaudhry to guard 1.5 million dollars."

“Like asking Felix Anthony to tell another story apart from being bashed up.”

To add yours to this list,email it to us pacificinthemedia@gmail.com

What Bainimarama and Khaiyum have done:

1. Removed the GCC

2. Removed the Bose Levu Vakaturaga

3. Removed the history of Ratu Sukuna

5. Made a Constitution that was not put to Referendum for the people to add, delete or give an opinion

8. Allowed Muslims to take up all strategic positions in Fiji

9. The blatant misuse of public funds

10. The Matua Taxi advertisement of Fiji First Party etc.

11. The delegation to the UN, we see no Indigenous Fijian significantly involved

12.The continued psychological tormentation by Bainimarama on the citizens of Fiji: "You did not vote for me, I will not look after you" syndrome

13. The election of the President no longer done by the GCC

14. Immunity to all the deeds that was done after the coup.