Tikoduadua says the audit is being done by officials from the office of Frank Bainimarama and the Ministry of Finance and that a decision on Cameron’s position will be made after the audit is completed.
The man appointed by Cameron to run Merchant Finance has, however, been moved on by the regime. Greg Cathcart has 'resigned' according to a statement from FHL.
Cathcart's appointment is one of several decisions that have led to Ngamoki-Cameron being investigated.
Other allegations that have surfaced include claims:1) He requested management to customize the official appointment letter to himself with new clauses without Board's approval;
2) He verified unilateral appointment to several subsidiaries as Chair without consent and consensus of other Directors;
3) He did not consult other Directors nor did he give them adequate opportunities to be part of subsidiary Boards;
4) He wilfully obstructed payments which are contractually due to other Directors, namely Mr. Lutu for insurance;
5) He facilitated a friend to conduct an internal examination of MF at company cost;
6) He applied undue pressure at the HRM, Management and Directors, to recruit that consultant as the GM for Merchant Finance even when the consultant has not applied for the position;
7) He did not follow the process even after being reminded by the HRM and acting GM-MF;
8) He penalized acting GM-MF for highlighting the wrong process;
9) He acted against the agreed majority decision at interview panel at the interview of GM-MF;
10) The Board of MF was not consulted in the appointment of the new GM and not allowed to facilitate setting discretion of authorities limits, KPI;
11) He incurred capital expenditure without due board approval process.
The unauthorized expenditure were for:
(i) Apple noteback which was not compatible with FHL system. No quotes were called for and was purchased in Auckland and demanded reimbursements for;
(ii) Purchase of a second notebook, IPAD from a friend GM-MF and requested reimbursement from FHL;
(iii) Purchase of a wireless printer from FHL funds.
12) He incurred unauthorized expenses such as phone bill, subscriptions course fees;
13) He used FHL office for private work including use of office phone, board room for meeting with private clients;
14) He selected management staff to report directly to him;
15) He communicated directly with staff and suppliers without following proper process;
16) He willfully delayed to review expired staff contracts (7 middle managers);
|Suva Yacht Club|
18) He had no justified reason for a quick travel to PNG at an exorbitant cost without prior Board approval. During this travel he incurred a cost of 14K to travel back to attend a private Fiji NZ business council meeting;
19) He was accompanied by newly appointed GM and MF;
20) He approved the sponsorship of FRU without prior board's approval;
21) He used external consultations/friends for BLC and PR consultant for FHL without Board's approval; and
22) He made unilateral decisions without giving due respect to other Board members.
See the blog Intelligentsiya for another take on the story, including the revelation Tikoduadua is going to bat for Ngamoki-Cameron.