#header-inner img {margin: 0 auto !important; #header-inner {text-align: Center ;} Fiji Coupfourpointfive: Regime selling off prime State assets?

Tuesday, August 25, 2009

Regime selling off prime State assets?

There are rumours that the dictatorship regime is trying to sell off State assets in a bid to raise quick money for its survival.

The rumours say the regime is negotiating with Arabian Gulf States like United Arab Emirates and Brunei and elite billionaires of these two nations for the sale of Nadi International Airport and the sea ports like Kings Wharf of Suva and Queens Wharf at Lautoka.

Sources say the un-explained trip of the regime's Attorney-General Aiyaz Sayed-Khaiyum to Brunei is fuelling these reports. Sayed-Khaiyum traveled to Brunei last week from Barbados. He is the closest advisor to military dictator Frank Bainimarama.

Nearly three years after the December 2006 coup, the regime has achieved negligible results in terms of securing fnancial handouts from Asian nations like China, Malasia and India.

The sale of Nadi Airport and the sea ports is being seen as an initiative of Sayed-Khaiyum to prop the regime and prolong its stay in power as both sales will bring several millions of dollars for the cash-strapped regime.

Nadi Airport is the gateway to the Pacific and the adverse consequences of the possible privatisation of this prime asseet is being deliberately ignored.

Sources say given the regime's inconsistency, the sale of these ports of entry is possible.

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