#header-inner img {margin: 0 auto !important; #header-inner {text-align: Center ;} Fiji Coupfourpointfive: Ousted Thai leader tipped to develop Grand Pacific Hotel

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Monday, July 13, 2009

Ousted Thai leader tipped to develop Grand Pacific Hotel

We have credible information that Thaksin Shinawatra, who arrived in Fiji on board his private jet last week, was invited by Suva lawyer Dilip Jamnadas.

The Thai PM met interim prime minister Frank Bainimarama, interim permanent secretary for finance and Fiji National Prvovident Fund chairman, John Prasad, and interim attorney general Aiyaz Sayed-Khaiyum last Monday.

It's understood a deal was struck for Shinawatra to buy the derelict Grand Pacific Hotel at the meeting.

The GPH was supposed to have been developed into Suva's top hotel by FNPF and Fiji Investment Corporation.

Coupfourpointfive has been told Shinawatra handed over a cheque for $250,000 to Prasad, reportedly a deposit for the deal. But it's believed the cheque wasn't deposited into the FNPF account by Prasad until today.

Sayed-Khaiyum and Prasad also informed Shinawatra that his Fiji solicitor and legal advisor will now be Caesar Lateef of Lateef & Lateef, and not Dilip Jamnadas.

Jamnadas is believed to be angry he was betrayed by the interim attorney general and Prasad, who are being accused of hijacking prospective investment opportunities suitable for Shinawatra.

3 comments:

Anonymous said...

Go ahead and waste your money Thaksin! Who will be coming to a dump like Bai's "better Fiji" to repay your investment dollars.

You are about to learn a lesson between investing in an Asian Tiger country, and a banana republic backwater with no sustainable money-spinning tourist demand.

Anonymous said...

Why on earth is Fiji selling such a valuable asset as the GPH site to overseas investors? Running an army is nothing like running a tourist industry.

Anonymous said...

Why question GPH being sold now? Rabuka sold the property to Nauru during his term as PM. It was only repossessed after Nauru did not meet some of the timeframe to develop the property.

GPH is not necessarily a valuable asset. Its only valuable to some because of its history. But that history is only preserving the colonial influence in Fiji.

I would rather see the old concrete struture fully dismantled and the place redeveloped into a Fijian Arts Village with buildings depicting Fijian bures. The development could include restaurants, a ballroom area to be used for special occasions such as the Hibiscus Festival Ball, entertainment place for special guests to government, etc.

Artists in Fiji could display their designs and things of that nature.