The Fiji Development Bank has awarded a $17 million loan to Fiji Broadcasting Corporation Ltd also known as Radio Fiji.
Radio Fiji has always been under the control of Governments and regimes with its freedom and independence severely compromised in the aftermath of the military coups in the last 22 years.
Sources say while both Radio Fiji and FDB have not made any public announcement, they have confirmed the release of the loan is not based on any commercial decision.
All media organisations based in Fiji do not qualify for a million dollar loan as they do not have assets nor commercial viability to repay the loan.
Sources say the re-branding of FBCL radio stations that included launch of new logos last month was made possible because of funds sourced from FDB.
Radio Fiji also plans to start a television service.
Sources say if the loan attracts an annual interest rate of 10 percent, then $17 million will attract an annual interest of $1.7 million.
Last year Radio Fiji made an unaudited profit of a little over $500,000. Radio Fiji also gets $1.3 million annually for public service broadcasting - a grant that was started by the Rabuka government 11 years ago.
Coupforupointfive has been told that Radio Fiji will not be able to meet loan repayments although it may be a long term loan.
The Chairman of FDB is New Zealand citizen John Prasad, a close friend of the regime's Attorney-General Aiyaz Sayed-Khaiyum.
Sayed-Khaiyum is also the regime's Public Enterprices Minister that put him in charge of State owned entities like Radio Fiji.
His younger brother Riyaz Sayed-Khaiyum is Radio Fiji's Chief Executive.