#header-inner img {margin: 0 auto !important; #header-inner {text-align: Center ;} Fiji Coupfourpointfive: Prospectus shows Fiji regime as paupers scrounging for funds

Names and pseudonyms encouraged; annonymous posts accepted in interest of debate


Saturday, May 14, 2011

Prospectus shows Fiji regime as paupers scrounging for funds

The dictatorship military regime has lowered itself to the status of beggars by resorting to publicly asking for money, with the minimum amount being $50.00.


In an advertisement titled "Prospectus of Cash Offer" on April the 29th, the regime's rogue Attorney-General, Aiyaz Sayed Khaiyum, who acted as the regime's Finance Minister in the absence of his boss Frank Bainimarama, placed an advertisement with the aim of prospecting ONE HUNDRED THIRTY ONE MILLION, EIGHT HUNDRED ONE THOUSAND AND FIVE HUNDRED DOLLARS ($131, 801, 500).

He claimed it was for a development loan approved by the regime's Cabinet in the 2011 Budget, the very budget that was forced down the Fiji's people throats last November.


But Coupfourpointfive sources have confirmed the money is not for capital expenditure and neither is it a development loan as claimed by Khaiyum. It is, instead, funds for operational expenditure, which means salaries or wages for civil servants as the regime is basically scraping the bottom of the barrel for money, due to the deteriorating economy.

According to the regime's Prospectus, domestic debt stood at $2,834.6 billion at the end of last year (December the 31st, 2010). This means the regime borrowed $229.6 million domestically in 2009 as domestic debt stood at $2,605.0 billion in 2008. It also means domestic debt alone stands at 48.2% of GDP. (The above figures are in the regime's 2011 Budget documents.)


The minimum Investment for the latest prospectus is $50.00, repayable at par in three years. The maximum amount a citizen can lend is $100,000. The repayment period is between 3 to 15 years - 2014 to 2026.


The prospectus comes in the wake of recent pronouncements that Fiji's economy is expected to grow by 2.7% this year. Given this latest attempt to borrow, the regime's claim is clearly a lie.

Picture: Cash-strapped Khaiyum and Bainimarama happy take it any way they can.


Read Khaiyum's prospectus of cash offer


9 comments:

Anonymous said...

AG your day is numbered. Watch your back. tic tok tic tok. Tappoo's days are coming....

Anonymous said...

AG TALIBAN /BAI GO AND HIDE LIKE SADAM/BIN .WE WILL GET YOU BASTARDS.

Anonymous said...

AG equals Ali baba and 40 thiefs.

Anonymous said...

new to this blog..whats with tappoo's and AG?

Annie said...

LOL at the pic!

Anonymous said...

yes go and hide cause the people of Fiji is waiting for a chance to get you

Anonymous said...

This shows just how low this country thieving criminals will go to try and cover their grand fraud ... ask this question ...
How much of the money that Banana and Yummybum have stolen from the Fiji people,(sent o'seas to their private bank accounts) are they puttimg back into this scheme?
None of course!
Will they find any one stupid enuff to fall for this-another attemt at grand fraud?
Are they running out of money to pay the soldiers who are on double money to buy their loyalty?
Do the soldiers realise what they have been conned into doing against their own people?
WAKE-UP dear soldiers! ... it is time to DEFEND FIJI, not a gang of thieving crooks who will even murder YOU if they "think" you are whispering discontent against them.
... are you all brainwashed into a kava stupor ... surely there are some who are prepared to uphold their oath of allegiance to the Fiji people !
While Banana sticks his thumb up Yummybums mushroom farm ...
the rest of us should be prepared to declare where our loyalty lies .. thumbs up for democracy.
God Bless Fiji...
Thankyou Dina ...
-Sydney Tourist

Anonymous said...

It is time for Fiji Military to realise that they are not protecting Fiji.But they are protecting Two conmen who has stolen from the people of Fiji.They have drain the reserve Bank and are now asking for more.To Frank and Kaiyub,we are looking forward to skinning you alive.The day is coming.The real cleanup is coming.We have had enough.

Ranjitha M said...

They have drain the reserve Bank and are now asking for more.To Frank and Kaiyub,we are looking forward to skinning you alive.
school prospectus