#header-inner img {margin: 0 auto !important; #header-inner {text-align: Center ;} Fiji Coupfourpointfive: What deal did Weleilakeba cut with FICAC?

Monday, July 9, 2012

What deal did Weleilakeba cut with FICAC?

Weleilakeba arriving at trial last week. pic Fiji Live
 
The trial of Fiji's former deposed prime minister Laisenia Qarase resumes today and there is no avoiding the question: Did star witness Sitiveni Weleilakeba and his lawyer, Qoroniasi Bale, cut a deal with Fiji Independent Commission Against Corruption.

Qarase is accused of facilitating and allowing the purchase of Class A FHL shares for certain companies when he was director of FHL, financial advisor of the Fijian Affairs Board and advisor to the Great Council of Chiefs.



The trial got underway last week with Sitiveni Welielakeba, the former managing director and secretary of Fijian Holdings Limited, appearing for the state and being questioned about a letter written to him by Qarase on November 20, 1991 on behalf of Cicia Plantation Co-op Society Limited.


Weleilakeba confirmed receiving the letter signed by Qarase who was a Cicia Plantation board director at that time of the application for FHL shares, including the payment for the shares.


The court heard the board resolved the allotment of Class A shares to four companies including Cicia Plantation when none of the board members declared an interest in the subject matter of that decision.

Weleilakeba was also questioned about a letter written by Qarase using the address of the Fiji Development Bank to FHL on an application to purchase shares from FHL for Mavana Investment Limited.


In the letter, Mavana Investment Limited, of which Qarase was a director, applied to purchase 200,000 A Class shares at $1 that would be paid through an FDB cheque. Qarase is charged with six counts of abuse of office and three of discharge of duty with respect to property in which he had a private interest.
FICAC last year decided to drop its case against Sitiveni Waleilakeba with Qarase's original lawyer, Qoroniasi Bale, later withdrawing from representing the SDL leader.


In the event Qarase is convicted, it is likely to be on the evidence of his former close associate who has turned state witness. Given the political circumstances the details of that deal with FICAC is a matter of interest to the people of Fiji.

76 comments:

Anonymous said...

Indeed sad. They were so close and inseparable at one time, with the ever radiant Ms Laisa Digitaki always hovering in the background.

This high profile case unfortunately brings into question the integrity of i taukei executives in business. What are the values we are trying to expound here and pass onto the next generation of i taukei business executives and leaders?

Sad indeed for both of them and I pray that both will find forgiveness in their hearts when this is all done and put away.

Anonymous said...

Siti looks like double cross liumuri falla to aviod himself being prosectued for aiding and abeting

Anonymous said...

Another day in once a paradise. Lets see what transpires today in Qarase vs state and Karunaratne vs state(people). Is it really PEOPLE or is it between LQ vs Bhai/I_Arse and JK vs Bhai/I_Arse. All the PEOPLE outthere, gather around LQ's court room today with who ever the leaders you are following and respecting. Show some dignity, respect and love for freedom and country and it's people.

Anonymous said...

We are praying for pm qarase and jagath case..
god bless you two.keep your head high.
khaiyum plan was to put all leaders and mp.
who oppose behind bars before the election.
he told mc in 2007 .
so how can we get justice from this evil regime and judges and court.
the lawyers should ask for oversea judges from auss/nz to hear this case.
we had judges from auss/nz in appeal court ruling in april 2009 it was a fair court ruling.
the regime are the devils .
god bless,
Rajesh

Anonymous said...

Cesar Lateef is Weleilakeba's lawyer.

=========
http://rawfijinews.wordpress.com/2011/08/27/sitiveni-weleilakeba-turns-against-friend-laisenia-qarase-as-state-witness-to-get-his-freedom/

Sitiveni Weleilakeba turns against friend Laisenia Qarase as State witness to get his freedom

Reports from Fiji say that former CEO of Fijian Holdings Limited, Sitiveni Weleilakeba, has turned against his good friend and co-accused, ousted Prime Minister Laisenia Qarase, to get his freedom.

In a dramatic turn of events, Weleilakeba’s lawyer Caesar Lateef, is said to have negotiated with Fiji Independent Commission Against Corruption to drop all charges against his client and in exchange, he offered Weleilakeba to be a State witness against Qarase.

Presiding Judge Daniel Gounder has withdrawn all charges against Weleilakeba as requested by FICAC but his co-accused Qarase is now going to face more new charges, yet to be determined by FICAC.

So what exactly did Weleilakeba’s lawyer Caesar Lateef say and do to convince FICAC to withdraw all charges of conspiracy to effect an unlawful purpose that contravenes the provisions of the Companies Act, abuse of office, forgery and uttering a forged document leveled against his client?

In Weleilakeba and Qarase’s case, the two had both pleaded not guilty and trial hadn’t started yet, but FICAC has found it reasonable to withdraw charges against Weleilakeba but not Qarase.

There is obviously many unsaid stories behind this case and the real reasons why FICAC decided to quash Weleilakeba’s case.

Is Lateef and Lateef a good example of a legal firm capable of exposing the military regime and FICAC’s bluff proved by their ability to mitigate on behalf of their high profile clients who are either given lenient sentence like Vocea or freedom like Weleilakeba?

Or is Lateef and Lateef well connected with the legal minders of Frank’s regime given the fact that Frank is controlled by the Muslim mafia like Aiyaz Khaiyum and Nazhat Shameem while Caesar Lateef is also Nazhat’s next door neighbor?

=========

Anonymous said...

No trade-off in Sitiveni Weleilakeba’s withdrawn case
leave a comment »



Qarase and Weleilakeba

New revelation have emerged today regarding former Fijian Holdings Limited CEO, Sitiveni Weleilakeba’s withdrawn case by Fiji Independent Commission Against Corruption, FICAC.

Contrary to much speculation and Fijian media reporting that Sitiveni Weleilakeba will be State witness for FICAC “against” his co-accused, Laisenia Qarase, in exchange for his freedom, it has been established that Weleilakeba did not and will not agree to FICAC’s application to witness against his friend Qarase.

Weleilakeba, who is working as a CEO for a company in Papua New Guinea, is understood to have hired an Australian Queens Counsel, in conjunction with his Fijian law counselors from Lateef and Lateef, to defend himself from FICAC’s allegations.

Like all other Fijian nationals charged by FICAC, Weleilakeba had to pay his legal bills from his own resources and not depend on taxpayers funds like the FICAC officials and prosecutors.

We can report here that FICAC’s confirmed trumped up charges against Qarase and Weleilakeba for conspiracy to effect an unlawful purpose that contravenes the provisions of the Companies Act, abuse of office, forgery and uttering a forged document was in relation to the conversion of Fijian Holdings Limited from a private to a public company.

FICAC accused Qarase, who was an FHL board member along with others, for conspiring with Weleilakeba to convert FHL to a public company without following proper procedures 19 years ago in 1992.

In 1992, Weleilakeba was FHL’s Board Secretary responsible for minute taking with no powers to vote or contribute in board decisions.

Why FICAC decided to restrict their prosecution to Qarase and Weleilakeba only, instead of taking the whole line-up of FHL board members in 1992 who were responsible for passing that “conversion from private to public company” resolution only serve to confirm the suspicion that FICAC’s real motive is to pin down their real target, Qarase.

Records show that FHL’s board Chairman then was Lyle Cupit, deputy Chairman was Josevata Kamikamica, other board members were Berenado Vunibobo, Gerard Barrack, Joe Mar, Lt Col Navunisaravi, Ratu Jone Kubuabola and E Tavai.

http://rawfijinews.wordpress.com/2011/08/29/no-trade-off-in-sitiveni-weleilakebas-withdrawn-case/

Anonymous said...

These people benefited from Garase regime and now turned state witness to save there backsides.

Lamulamu.

Anonymous said...

JUSTICE IS NOT SERVE IN FIJI COURT ANYMORE.
FIJI COURT HAS KHAIYUM BULLSHIT DECREE RULES.
ANY ONE WHO IS TRIAL UNDER THIS BS DECREE LAW IS INVALID.
CAN BE CHALLENGED IN ANY COURT OF LAW APART FROM KAHIYUM BS COURT SYSTEM. .
THE 1997 CONSTITUTION IS PARAMOUNT AND IS A LIVING CONSTITUTION AND LAW OF FIJI.

kite flyer said...

in politics and business no permanent friends only thing permanent - self-interest! any bombaiya business and mahendra chaudhry will tell you that .

Anonymous said...

Sir Khaiyum you are the man the Tui Viti and Vunivalu of Bau.

VB, Mataivalu ni Solisona,LQ, MPC,RPC, SR,MB and everybody in Fiji are shit scared of the mighty one.

Siti will not get away free and will not be allowed back to travel overseas.

Anonymous said...

Nolle Prosequi for Fijian Holdings ex-chief Sitiveni Weleilakeba

A free man, Sitiveni Weleilakeba with his daughter Natasha

Our sources were able to further verify our earlier story regarding FICAC’s agenda to go chastise ousted Prime Minister Laisenia Qarase and former Fijian Holdings boss, Sitiveni Weleilakeba using their over-arching prosecuting powers by inundating them with many baseless charges they can find.

FICAC prosecuted the two under dubious circumstances which has now been proven as false and malicious resulting in FICAC discontinuing the case with a Nolle Prosequi quashing any insinuation by FICAC that a deal was struck between them and Weleilakeba.

Rumours rolled out by FICAC suggesting that an immunity may have been given to Weleilakeba by FICAC to stand as State witness against his long time friend Qarase can only be referred to as another twisted attempt by them to justify the thousands of taxpayers dollars they’ve wasted chasing after their own tail while pursuing the duo.

Qarase and Weleilakeba were listed as one of the top 5 most hated individuals by Frank & Co. therefore it didn’t surprise many when they were prosecuted by FICAC with their charges being amended and the case dragged out since the 2006 coup, an exercise meant to humiliate, consume and bankrupt Qarase and Weleilakeba.

Did FICAC and their regime bosses achieve their ultimate goal?

Not at all we don’t think, for the two continue to carry on with their lives regardless, despite Frank regime’s expensive program to malign their reputation hoping to turn them into feeble powerless beings.

Here is the High Court order terminating all charges against Weleilakeba and discharging him FijiSW Court Order

Here is High Court Nolle Prosequi on FICAC vs Sitiveni Weleilakeba Nolle Prosequi FijiSW Nolle Prosequi

Anonymous said...

Qarase trial into day 3
07:11 Today



Taken from/By:
Report by: Maca Lutunauga
The trial against former Director of Fijian Holdings Limited Laisenia Qarase continues in the Suva High Court this morning.

New state witnesses are expected to take the stand today.

Last week former FHL secretary and Chief Executive officer Sitiveni Weleilakeba gave evidence.

The third state witness is expected to take the stand this morning.

Qarase is charged with six counts of abuse of office and three counts of discharging of duties.

He is represented by Suva lawyers Samanunu Vaniqi and Tupou Draunidalo while the state is represented by FICAC lawyers.

The trial is expected to take three weeks.

Anonymous said...

Bottom line this Illegal Regime is deperate to remove LQ ASAP from the scene before the 2014 elections. LQ can easily win the elections!!

LQ we are with you.....this regime has suppressed the rights of all Fijians.

Anonymous said...

Stay firm Lai. God bless.

True friends said...

Siti and Lai's friendship was based on convenience in how they could use their positions to enrich each other and screw the common Fijians. Such friendships are not durable, as we have seen. The 'ever-radiant' Laisa Digitaki was one of the sycophants who benefitted from the corruption.

Anonymous said...

Puhleeze - don't be daft the itaukei are not the only ones lacking business nous or mkaing mistakes

Anonymous said...

PS Cunning ploy to have another go at i-taukei and people see right through you shit stirrer

kite flyer said...

one thing about about this man Sitiveni weilailekaba he is a slimmy character who was full of strut and self-importance when he was circulating amongst the big players in Fiji politics and corporate business. his former wife would be the first to confirm this character assessment.

SAD INDIAN FOR QARASE said...

Qarase had ample time in power to be THAT christian leader BUT he chose to be a regular racist ...and here are the results of his actions. Just imagine...I'm sure he must be thinking ,if he only had a chance to go back to RIGHT the WRONGS.He could have proven all critics wrong back then by treating everybody the same whilst respecting his vanua...but he became mischievous like the rest of the PM's and now he will see the Naboro interior.All his friends are to blame for his downfall and should be taking the blame for this poorly guided PM. ISA !!!!
The 2 chiefs who bullied him into making all the mistakes are free and have forgotten him. These two snakes...Tui Cakau and Tui Rewa are parading around free when they were the one's forcing the racist agenda on him to disseminate to the populace.

kite flyer said...

the integrity of itaukei executives in business ? as a rule very rotten .of course there are exceptions but few and far in between. only png executives would beat them at being rotten and on the take.

Anonymous said...

Obviously Qarase will be found quality,not that want Lai out of the 2014 election, but they want
their hands on the Money which they,ve already used from the Cicia,mualevu and Q.10 dividen and
shares.The judicial system is been used by these thugs to justify their stealing of lawful investment
funds? People,wakeup,there is no money coming in to the Government coffer,
they have to find areas which they
can ROBBED,with help from their so-called judicial system?
They'll go through the Fijian company first,then it'll be the Indian company and whatever is left?
I'm suprised that they have'nt gone through the Methodish accounting yet? But it'll happen?
and more deals will be dealt out to
other Talatala to become a "Waleilakeba" snitch for the regime?
Who is orchestrating all these moves? Yes, its not the dumb ass Khaiyum, but the one and only regime puffta, Chief Justice Gate.

Cunning ploy said...

It is unfortunate how some itaukei allow race to blind them to the corruption among Fijian elites, which damages, debilitates, takes resources away from and and destroys the progress of ordinary Fijians.

Exposing this is not a 'cunning ploy'. Those who believe this are in denial; they just playing into the hands of the corrupt. This type of gullible attitude works right into the "cunning ploy" of people like Lai, Siti and others who use race to mask their thievery.

Wake up itaukei, or be doomed to continued exploitation by the elites in your own society, which has been happening for a while, even if some are in denial about it.

Anonymous said...

Former Chief Executive Officer and Board Secretary of Fijian Holdings Limited Sitiveni Weleilakeba will be cross examined by the defence counsel this afternoon.

He is the main witness in the trial of former Director of FHL Laisenia Qarase who’s charged with six counts of abuse of office and three counts of discharge of duties with respect to a property in which he has a private interest.

Earlier today Weleilakeba told court this morning the appointment of a Director at Fijian Holdings Limited was only made possible through the consultation from the Fijian Affairs Minister and approval from the Prime Minister and the Finance Minister.

However in Qarase’s case he was appointed before FHL went public in 1992 and this was done by the Fijian Affairs Minister at that time.

It was also heard in court that a decision to pay interim dividend was decided on the 1st of October 1992 from a total of $464,000, $279,000 was payable to FDB as per loan and the remaining $185,000 was payable to the shareholders.

Mavana Investments Limited and QTen Investments each received a ten percent dividend payment which stands at $20,000 from their 200,000 shares, however the money was immediately transferred to the Fiji Development Bank account as loan.

Cicia Plantation was paid $40,000 from their 400,000 shares, $22,000 was paid as loan to FDB and the remaining $18,000 was transferred into the accounts of Cicia Plantation.

The trial continues in the Suva High Court…..-FBC News

Anonymous said...

Sitiveni Weleilakeba turn state witness? I just don't see it. Laisa Digitaki would never stand for it, either.

Just tell the truth, Siti.

Here we see the regime pulling out all of the stops in its selective prosecution of a political enemy regarding an ambiguous financial matter dating back 20 years. Aiyaz and Misnomer prosecuting Qarase for... wait for it... 'abuse of office'! 

Really? Abuse of office? Coming from this regime, the hypocrisy is staggering. I don't know whether to laugh or cry.

No one else who was involved in the same transaction is being prosecuted -- only Qarase. Now, how is that? 

Someone gently awaken Mr. Yash Ghai from his slumber.

An instrument like FICAC can be a great thing in the hands of a sincere anti-corruption reformer but loses all credibility when used almost exclusively for the legal harassment, at public expense, of regime opponents -- including over the most trivial of infractions -- by hook or by chook. In the meanwhile, Bainimarama's confederates and 'bag men' -- first Mohammed Aziz and now Aiyaz Sayed-Khaiyum, with the help of Nur Bano Ali -- run riot with unbounded licence, corruption, and impunity.

It brings to mind what another persecuted figure once asked: 'Why do you look at the speck of sawdust in your brother's eye and pay no attention to the plank in your own eye?'

Is it really the case that Aiyaz and Misnomer are going after Qarase for 'Conspiring to convert FHL to a public company without following proper procedures'? That's really rich, considering that the self same are conspiring to convert FIJI Water to a public company without following proper procedures. 

Think I'm exaggerating? Just check the index of the filing cabinet inside their office. They've already filed FIJI Water under the subject heading 'Public Companies'.

That's right, guppies. I'm closer than you think.

s/ Dakuwaqa

Anonymous said...

The truth shall set you free. About time Siti and Lai come forward and reveal the truth about the scam which they were able to manipulate through Rabuka's idiotic Government.

Radiolucas said...

@ Dakuwaqa

It is ironic that a band of theives, who:

(1) refuse to reveal just how much they are stealing from the nation;

(2) release murderers at whim; and

(3) ignore judgment of the court at will -

but yet Aiyaz and Frank now seek to prosecute Qarase for a 20 year old allegation, for a corporate error - to which they don't seem to have any real interest, witness or case.

Ironic indeed.

I was not surprised to hear that the prosecution's new counsel sought to reduce the number of terms of reference for the case - they are facing enough trouble as it is - I only wonder what he thought he was facing when they convinced him to come over and take this case. I bet he is wondering that same thing right now...

Rabuka is a Criminal said...

Rabuka says this government effectively has things in control because the people of Fiji have not taken to the streets as they have in Egypt in Libya. He also says regime should get immunity so country can move forward. What's up Rabuka - you need another free handout?

Anonymous said...

Sorry C4.5 I couldn't resist posting this

hahahaha..

GOODBYE, TAVITA
July 9, 2012 | Filed under: Fiji News | Posted by: newsroom
By Leone cabenatabua
Tupuola Terry Tavita – the Samoan PM’s mouthpiece in attacking Fiji – has been silenced in at least one quarter.
The international award-winning Fijian journalist Graham Davis pulled the plug on the Samoan Government newspaper’s editor making comments on the Grubsheet blog.
It followed repeated warnings about Mr Tavita’s foul and racist language in postings on Grubsheet, where Mr Davis has allowed robust debate on his Fiji commentary.
But Mr Davis said enough from Mr Tavita when the Samoan man with the mouth persisted in comments potentially in contempt about the Qarase trial.
Mr Tavita has also been warned about his language on another site, the Pacific Freedom Forum set up by Cook Islands media activist and former journalist Lisa Lahari-Williams.

Peter Lomas and Fiji Sun showing gutter journalism again

Anonymous said...

LQ going in guys. Samisoni and MPC to follow soon. All combined can form a prison party! Ekdam onz hei !

Anonymous said...

Not so sure now if this is really a case of liumuri between two close associates and buddies... they knew they were both going down, and I doubt if Qarase would have allowed that if one of them could be saved... just a thought.

Anonymous said...

The sooner they get the Qarase kangaroo court trial over and done with the better for everyone... THEN we can move it to concentrating on PROSECUTING the 2006 treasonous and all their excesses. Your day will also come Aiyaz, Bai & gang!

U call that democracy? said...

Why do you guys keep beating up on Davis? There are many people in Fiji who support the regime, not just him.

Why can't they have a voice? 4.5 keeps drowning out the other view. Is that democracy?

Koi Yasayasa said...

This is your time Mr Qarase........
You have no mercy for the poor Fijians and their provinces by sidelining them to Class B shares whilest you were enjoying the Class a shares.

Our Vu have now responded to your scam....

Naboro awaits you......

Koi Yasayasa

Fourth Estate said...

Anothers sign of the times in Fiji...Fiji Times offering most sincere aplogy to illegal AG instead of courts.



Fiji Times admits mistake

17:04 Today

Taken from/By: FBC News
Report by: Shalveen Chand

Newspaper company, The Fiji Times Limited, today admitted error on their part in the contempt of court proceedings in the High Court in Suva.

The company, publisher Hank Arts and editor-in-chief Fred Wesley are charged with contempt of court, after the company published comments by Oceania Football’s Tai Nicholas.

Nicholas criticised the decision of the Independent Legal Services Commission on former Fiji Football Association president Dr Muhammed Samshud-Dean Sahu Khan.

Fiji Times lawyer Julian Miles said it was an unfortunate lack of editorial procedure.

Miles said the company, the publisher and the Editor in Chief were tendering their most sincere apology to the government and the Attorney General.

Justice William Calinchini said the apology should be directed to the court and the judiciary and not the government.

He said the two were independent of each other.

Justice Calinchini will give his ruling on notice.

Anonymous said...

Ratu Epeli Ganilau and RFMF Act
The same questions can be raised about Uluilakeba’s brother-in-law and present Defence Minister Epeli Ganilau who, while serving as Commander of the RFMF, had established the Cakaudrove Provincial Holdings Ltd. According to company records, CPHL was formed on 5 October 1995. The two directors named were as follows: Ratu Epeli Ganilau, FMF Commander, Director of Cakaudrove Provincial Holdings Ltd, and Ratu Inoke Kubuabola, Cabinet Minister, Director of CPHL. Sitiveni Weleilakeba was listed as secretary to the company.

Epeli Ganilau had formed CPHL while simultaneously holding down the position commander of the Royal Fiji Military Forces. He resigned his army post effective from 28 February 1999. Again, why is Epeli Ganilau not in Court along with Weleilakeba, whose charges have been consolidated with former Prime Minister Laisenia Qarase?

The prosecution claimed in its grounds for consolidation that
Qarase and Weleilakeba used their positions in Fijian Holdings Limited to cause unlawful allotment of FHL shares to their companies, namely, Q-Ten Investments Limited owned by Qarase and Stiks Holdings Limited owned by Weleilakeba, and to companies held by other individuals who were ineligible at the time to purchase FHL shares.

Weleilakeba, while acting as secretary of Ganilau’s CPHL, was also CEO of Fijian Holdings Ltd, with no voting right on FHL. Why, one may ask, is the DPP only focusing on Qarase and Weleilakeba? Moreover, what about the shares that Qarase bought in the Mara-Ganilau controlled Yatu Lau Company, of which he was the original founders.

For the charge sheet reads that between 1992-1995 Qarase as director of FHL, member of the Fijian Affairs Board and advisor to the GCC, bought 200,000 Class A shares from FHL for his family company Q-Ten Investments Limited and ther companies

We need new voices! said...

U Call that Democracy, part of me wants to agree with you. Davis is saying what lots of people in Fiji think. But people are getting pissed off with his stuff in the Sun because there is no balance.

I want to know why the Fiji Times can't find someone to go against him. You, know, start arguing the other side. Can the journalists here tell us why not? I see Wadan Narsey is back in Suva. What about him? Davis is clever and can write well but I like Wadan's politics a lot better. Go Wadan! :)

Anonymous said...

Fiji Times is pathetic. Liumuri. Can you imagine this happening under Netani Rika! Stand up you bastards and fight. How the effing hell are we going to win this with these pansies. Fred and Hank. Sounds like some cheap cartoon show.

Rose tinted glasses said...

All too obvious Qarase is being targeted by the government who don't want him or the SDL Party to stand in the 2014 election. Frank and Khaiyum are not fooling anyone.

Anonymous said...

The Weleilakeba evidence
by navosavakadua on July 9, 2012

The trial has some way to go yet but one piece of evidence has been very revealing.

Former Secretary and CEO of Fijian Holdings Limited Sitiveni Weleilakeba told the Suva High Court that no FHL Director has ever declared interest in companies that wanted to buy shares. He apparently revealed an interest in one company, Sticks Investment Limited, which purchased 150,000 shares.

There’s been a lot of gossip about Weleilakeba ‘rolling over’ in order to give evidence against Qarase, but this is not necessarily true. Weleilakeba was in a different situation.

Weleilakeba admitted that his job was to prepare a table “stating the particulars of each of the applicants”. The board’s responsibility was to endorse this table, which probably meant to rubber stamp it. It was important for Weleilakeba to declare his interest as he was no doubt recommending acceptance of his own application.

The real question is: did the board make changes to the table? If no changes were made to the table, Qarase’s role was in no way of any real significance.

Weleilakeba’s evidence confirmed that no other FHL directors declared statements of interest. Does this mean that no other directors from provinces or Tikinas purchased shares? Probably not. Shareholders include a wide range of Provinces and Tikinas, including Tailevu and Cakaudrove, which at different times had directors (Jo Kamikamica and Ratu Jone Kubuabola) on the FHL Board.

Did FICAC investigate the links between other directors and shareholdings? Probably not. This was witch-hunt from the start, with one target in mind.

Anonymous said...

I am not a Qarase supporter but my question is..why is this government targeting him for corruption when its all so obvious that they are corrupt..at the beginning of this coup on december 2006 we all thought that they had a genuine reason for taking over a legally ellected government at the point of a gun to make things right but as the years went by to this date its now become clearer the real reasons why they took over was to fill up their pockets and buy new properties at the expense of the taxpayer..

Anonymous said...

Yes it is very true,this regime is the most corrupt goernment ever rulled Fiji.Yet they quick to put people to jail or accuse them for curruption.They think that we are silly, we can see what they doing now for Qarase,they want to put him behind bars before the election, because they know the Fiji citizens will vote for him.Don't worry guys, little do they know that they will be behind bars instead.this is the fact.

Anonymous said...

We need new voices @ 7:58, it's quite simple, really. The Fiji Times could publish any number of articles countering Davis' arguments but doesn't for the simple reason that it doesn't want to be shut down by the regime.

I don't know what you see as so compelling about Davis' arguments. The commentary on this and other sites have made mincemeat of them lately.

We do need new voices, but the only 'new' voices this regime will allow are those that suit its purposes. What we really need now are unity of purpose and discipline, in order to overthrow the dictatorship. New leaders will begin to surface during that process and will be free to flourish once constitutional government is restored.

Anonymous said...

Dear Attorney-General Sayed-Khaiyum,

We most sincerely tender our apologies to your Excellency and to the government for the unfortunate lack of editorial procedure that somehow allowed us to mistakenly print any opinion ever at variance with your own, especially on such a grave matter of state as football.

Rest assured that we will never deliberately publish anything ever again remotely critical of any regime decision, since, being perfect, you are utterly infallible.

We know that the courts in Fiji are totally independent of the regime. When your Excellency confers with Madame Nazhat Shameen on how she should direct the court, we beg that you please don't hurt us again.

Like all other watchdogs of the Fourth Estate in Fiji, we remain your most humble amd obedient servants,

Sincerely,

Hank Arts, Publisher and Fred Wesley, Editor-in-Chief

Anonymous said...

U call that democracy @ 6:36 PM, I don't see C4.5 stopping you or anyone else from expressing your opinion on this site. Davis is a frequent contributor.

If their voices are drowned out, as you say, it's probably because they are very much in the minority of opinion. Whatever their opinions of past governments, most contributors apparently don't support the blundering traitors now running the circus in Suva.

Anonymous said...

Anonymous 4:41, Tavita's real offense was in posting a penetrating comment from our own Dakuwaqa in a reply to Davis on Grubsheet. See for yourself. Nothing racist or threatening in the posting, but it was too much for Davis. All he could do was to criticise Tavita for not being more original, and then he pulled the plug. Apparently Dakuwaqa has gotten under Davis' normally thick skin.

Anonymous said...

Mahendra Chaudhry was behind the charging of Laisenia Qarase before his tax trial

THE NEED FOR AN INQUIRY

WHAT IS CLEAR FROM THE HISTORY OR SHARES OWNERSHIP IN FIJIAN HOLDINGS IS THAT THE $20 MILLION LOAN FROM GOVERNMENT WAS NOT USED TO BENEFIT THE FIJIAN PEOPLE AS THE GREAT COUNCIL OF CHIEFS HAD INTENDED. THE DOMINANCE OF INDIVIDUALS AND PRIVATE FAMILY COMPANIES BENEFITED A FEW WHO HAD ACCESS TO FINANCE FROM THE FIJI DEVELOPMENT. QUESTIONS NEED TO BE ASKED AS TO WHY THIS WAS ALLOWED TO HAPPEN. WHAT ROLE DID MR QARASE PLAY AS MANAGING DIRECTOR OF THE FIJI DEVELOPMENT BANK IN FACILITATING LOANS TO INDIVIDUALS AND PRIVATE COMPANIES TO PURCHASE SHARES IN FIJIAN HOLDINGS OF WHICH HE WAS A BOARD MEMBER? WAS FINANCE FROM THE FIJI DEVELOPMENT BANK MADE AVAILABLE TO THE 14 PROVINCIAL COUNCILS AT THE SAME TIME THAT IT WAS BEING OFFERED TO INDIVIDUALS AND FAMILY COMPANIES? IS THE LIST OF THE TOP TWENTY SHAREHOLDERS A TRUE AND ACCURATE PICTURE OF THE CURRENT OWNERSHIP OF FIJIAN HOLDINGS? THESE AND OTHER QUESTIONS NEED TO BE ANSWERED BY AN INDEPENDENT INQUIRY.

THE DECISION BY THE INTERIM GOVERNMENT TO TRANSFER $I MILLION CLASS "B" SHARES IN FIJIAN HOLDINGS TO EACH OF THE PROVINCE WILL BE OF MINIMUM BENEFIT TO THE MAJORITY OF THE FIJIAN PEOPLE. THE ANNUAL DIVIDEND TO EACH PROVINCE FOR ITS "B" CLASS SHARES WILL BE IN THE VICINITY OF $50,000.

IF THE ORIGINAL LOAN OF $14 MILLION HAD BEEN GIVEN TO EACH PROVINCE IN THE FORM OF A LOAN TO PURCHASE ONE MILLION CLASS 'A' SHARES, THE TOTAL MARKET VALUE OF THEIR HOLDING TODAY WOULD BE $38.5 MILLION AND THEY WOULD HAVE HAD THE BENEFIT OF HIGH DIVIDENDS WHICH WOULD HAVE ADEQUATELY COVERED THEIR REPAYMENTS.

Anonymous said...

@ Navosakadua:
"Weleilakeba admitted that his job was to prepare a table “stating the particulars of each of the applicants”. The board’s responsibility was to endorse this table, which probably meant to rubber stamp it. It was important for Weleilakeba to declare his interest as he was no doubt recommending acceptance of his own application.

The real question is: did the board make changes to the table? If no changes were made to the table, Qarase’s role was in no way of any real significance."


Rubber-stamping board. Phew. So, does all this mean Qarase will win his case?

Anonymous said...

Siteveni you gotta be out of your mind? No one makes a deal with the devil. Bainimarama is only for Bainimarama! Din't you ever learned anything from past experiences? Didn't you read in the news how Bainimarama made a deal with Speight but reneged immediately upon speight released of the Choro ganges? Do not feel too comfortable yet,you're not out
of the wood just yet? The asseole
has been known to have changed his
stance on the blink of an eye?

Anonymous said...

FICAC witness, the former FHL CEO Sitiveni Weleilakeba was grilled by defence counsel for the lawful and elected Fiji Prime Minister Laisenia Qarase in the Suva High Court yesterday.

When asked about whether he received any training for the position of company secretary which he took up in November 1987 at FHL, Weleilakeba confirmed that he received no specialised training to perform the functions of the company secretary.

Weleilakeba’s only tertiary qualifications are a Bachelor of Agriculture and a Post Graduate Diploma in Agricultural Science from the University of the South Pacific.

The small courtroom has been packed since the legal Prime Minister’s trial began on Thursday 5 July 2012. About 15 FICAC staff investigators and support staff have apparently been instructed to pack the benches. They arrive early and those who come at 9.30 when the trial begins everyday are often left outside waiting for a chance to get in when someone leaves the room. But the evidence is riveting and no one leaves. The question has to be asked whether the FICAC staff have any work or whether they have been instructed to come and fill up the benches during PM Qarase’s trial.

Weleilakeba admitted upon questioning yesterday by lead defence counsel Tupou Draunidalo, that he analysed each application for shares submitted to FHL in 1991 and 1992, the time period for which Qarase is alleged to have failed to have disclosed his interest in QTen, Mavana Investments and Cicia Cooperative Society. Weleilakeba admitted that he carried ou company searches on the three companies, tabulated the list of shareholders and directors, and that was put together in a board paper presented to the FHL Board before it decided to allot shares to the three companies.

Weleilakeba also said that he recognised PM Qarase’s signature on the application on behalf of the three companies for shares in FHL and that this letter along with the results of the company search, the memorandum and articles of association, and his own tabulated list confirming the names of the shareholders and directors, were sent out to FHL Board members one week before the board meetings in question. Weleilakeba admitted that he had informed the Board of Qarase’s interest in the three companies.

When questioned further, Weleilakeba admitted that Qarase was not a shareholder in the three entities in question – Mavana Holdings was majority owned by the Mavana Village Trust and people of Mavana Village, Cicia Cooperative Society was owned by the 15 Mataqali on Cicia Island and QTen Investments was owned by Mrs. Leba Qarase and 5 Qarase children. PM Qarase was only a financial advisor to these three entities. In any case, his involvement in the three companies, was well known to the FHL Board, said Weleilakeba.

When questioned about the poor quality of the FHL Board minutes, which did not detail how each Director voted, Weleilakeba admitted that this was the practice at the time – and he simply followed the format that the then FHL Board Chairman, the now deceased Lyle Cupit wanted – that only the resolutions were to be listed, and not what each Director said about each resolution, or how they voted, whether they voted for or against, or abstained.

Weleilakeba also confirmed that at the time of the purchase of FHL Class A shares during this period (1991/1992), FHL was still a private company.

Anonymous said...

regime cannot be trusted.
frank/kahiyum are liars.
they will do anything and use people and army for their benefit.
the army are sleeping while khaiyum and frank filling the pockets with cronies bano,nazhat,others.
armies paid peanuts .
while they ripping millions in deals with gujis/china/malaysia business company.

Anonymous said...

B. Continuing coverage of Weleilakeba’s evidence during cross examination in the FICAC trial of the legal and elected Prime Minister of Fiji, Laisenia Qarase

Weleilakeba confirmed three times to defence counsel that he received no special training to be company secretary at FHL from 1987. Before that he was a manager at the failed Native Land Development Corporation and prior to that, a technical officer in the Ministry of Agriculture.

During the period in question, Weleilakeba confirmed that the FAB and the GCC approved the extension of Class A shareholding to Tikina Councils, Indigenous Companies and Individuals. The FAB approved the request from the FHL Board in August 1991 and the GCC gave its approval in September 1991.

Weleilakeba confirmed that soon after, he wrote to all the Provincial Councils to inform them of the FAB and GCC decision. While the Provincial Councils already had $20m Class B shares through the FAB from the government $20m loan to FAB in 1989, Weleilakeba confirmed that some Provincial Councils and Tikina Councils purchased Class A shares.

However being a private and commercial entity, the FHL could not wait for all Provincial Councils to take up the remaining Class B shares, and so he travelled around the country to encourage individuals, Tikina and Villages to take up shares. Once the momentum started, there was a rush by private companies to take up Class B shares. It was during this time that Mavana Investments, Cicia Cooperative Society and QTen investments, also applied and were alloted Class B shares, said Weleilakeba.

Anonymous said...

There is only one legal issue to be decided by the three assessors and the Suva High Court during this trial of PM Qarase. That is whether he disclosed his interest in three companies which purchased shares in FHL in 1991/92 while it was a private company. Sitiveni Weleilakeba admitted in court yesterday that as was company practice, every application is analysed, a company search carried out and the results tabulated for the Board. He admitted attaching the letter signed by Qarase to the Board Paper, along with the memorandum and articles of association of each company, so the Board was fully aware of Qarase’s involvement as an advisor to the three entities which applied for Class A shares.

The three entities are:

-QTen Investments (a company owned by his wife and 5 children)
-Cicia Cooperative Society (a company owned by 15 Mataqali on Cicia Island) – he was their financial advisor
-Mavana Investments Limited – owned by the Mavana Village Trust and people of Mavana village, Vanua Balavu – he was a Director of the company

This one legal issue has been clouded by the constant allegation of self-enrichment against PM Qarase by those who would seek to convict him in court and in the court of public opinion, to justify the 2006 coup. Politically, that is what is at stake for the RFMF and Bainimarama – if the prosecution fails, Bainimarama and the RFMF lose their right to claim massive corruption by the the SDL government. But these trumped up charges relate to events in 1991/92 – twenty years ago, not during PM Qarase’s term as head of government from 2001-6. However FICAC is trying to paint Qarase as some kind of evil genius who formed the FHL and bought shares in it to enrich his family and friends.

FICAC has gone to great pains to publicise PM Qarase’s former role as Financial Advisor to the Fijian Affairs Board, and as Director of FHL. FICAC conveniently forgets that the allotment of shares to QTen, Cicia and Mavana were made by the FHL Board as a collective whole – chaired by Lyle Cupit and the other Directors – Joe Kamikamica (then Interim Finance Minister), Joe Mar, Ratu Jone Kubuabola (then Governor of the Reserve Bank), Vatiliai Navunisaravi (then interim Minister for Fijian Affairs), Berenado Vunibobo (then interim Trade Minister).

Unfortunately the very poorly detailed minutes prepared by the FHL CEO at the time, Sitiveni Weleilakeba does not show the division of votes.

Anonymous said...

Qarase as Financial Advisor to the FAB
Qarase was appointed Financial Advisor to the FAB in 1981 and retired from the position in 1999. However he was not an employee of the FAB, merely an advisor who received a yearly allowance. He was employed full-time by the Fiji Development Bank as Managing Director.

In his position as Financial Advisor to the FAB, he did not have voting rights on the FAB, rather he was only an advisor who attended meetings on request. In fact, the FAB voting members are the Minister for Fijian Affairs who chairs the FAB, and other members appointed by the Great Council of Chiefs.

RFMF Commander Voreqe Bainimarama’s older brother, Meli Bainimarama, Ambassador to Malaysia and Permanent Secretary for Fijian Affairs at the relevant time gave evidence in court on Thursday July 5 that:

-the Chair of the FAB did not control how the Financial Advisor performed his role
-the line Minister or Minister for Fijian Affairs did not control how the Financial Advisor performed his role
-the Prime Minister did not control how the Financial Advisor performed his role
-the Financial Advisor was not paid a pension or FNPF by FAB
-the Financial Advisor did not have any insurance or holiday or leave entitlement from FAB
-the Financial Advisor was appointed, and not on a formal contract

In other words, Bainimarama confirmed that Qarase was not an employee of the FAB, and therefore not a Public Officer, as alleged in the abuse of office charges laid by FICAC. The question to be raised is - should Qarase's family and village be prevented from purchasing shares because he was on the board - Weleilakeba as an employee held 300,000 Class B shares through Stiks Investments and APTA Investments which he owned with his first wife Kelera Uluiviti. Yet Meli Bainimarama was appointed by the PSC as Ambassador to Malaysia - and Voreqe Bainimarama is Minister for PSC!

In his cross examination evidence on Monday July 9, Sitiveni Weleilakeba, the former FHL CEO confirmed that Qarase, like the other FHL Directors did not receive a salary, they received Director’s fees only, they did not get leave entitlements like employees. FHL deducted witholding tax only from Director’s fees, not PAYE like salaried employees. This goes towards proving that Qarase was not a public officer at the relevant time, as alleged in 6 of the 9 charges laid by FICAC, and that because FHL was a private company, Qarase committed no crime – the FHL Directors were aware of his advisory role in QTen, Cicia and Mavana Investments and in fact, the purchase of shares by private companies and individuals, was exactly what the affirmative action program approved by the government of that time, modelled on the Malaysian affirmative action program, to increase Fijian involvement in business. See below Lyle Cupit’s views that all was above board in relation to the 1991/1992 purchase of shares by private companies and individuals.
CUPIT SAYS SHARE PURCHASES WERE LAWFUL AND ABOVE BOARD
From Islands Business 2005 edition:
“Cupit defends the purchases and says he would today exactly follow the same path.

“What was done was clearly done in full disclosure and totally transparent, and if th egovernance framework was in place, it would have passed those deals.

“Those deals are clean. It’s people’s imagination that’s getting them wrong. They were clean. If we formed the company again and with the governance framework, it would still go through.”
From: http://www.islandsbusiness.com/fiji_business/index_dynamic/containerNameToReplace=MiddleMiddle/focusModuleID=3738/overideSkinName=issueArticle-full.tpl

Anonymous said...

FHL was formed in 1984 by the Great Council of Chiefs and the Fijian Affairs Board. Both the GCC and Board at the time were chaired by the Minister for Fijian Affairs and at the time, Ratu Sir Kamisese Mara chaired both the GCC and the FAB. Established in 1984 from a vision of the Great Council of Chiefs to establish Fijian Holdings Limited with the sole purpose of accelerating Fijians’ participation in business, FHL is essentially an investment company whose shareholders are indigenous Fijians.

Over the years, FHL has grown its operations to include some large names in Fiji’s economy, which now form part of the FHL Group. Fijian Holdings Limited has been and continues to contribute to the economic development of this country.

The company has benefited from the vision and foresight of its pioneering leaders which included the late Ratu Sir Kamisese Mara and Founding Chairman Mr. Lyle Cupit and pioneer directors Ratu David Toganivalu, Dr. Isireli Lasaqa, Mr. J.S. Thompson, Mr. Josevata Kamikamica, Mr. Jone Naisara, Ratu Josaia Tavaiqia and Mr. Mosese Qionibaravi.

In 1984, Fijian Holdings was established with an initial funding of $1.2m. Of this amount, the Provincial Councils each contributed $50,000 whilst other contributions were provided from the Fijian Affairs Board, Native Land Trust Board and the Koula Trust.

In 1991, after obtaining approval from the Fijian Affairs Board and Great Council of Chiefs, FHL opened its shareholding base to individuals. In 1993, FHL became a publicly listed company. In order to raise more equity, it undertook two public share offerings in May 1993 and February 1995.

The Company now has 9 subsidiary companies namely Basic Industries Limited, Fiji Industries Limited, Blue Lagoon Cruises Limited, Clariti (South Pacific) Limited, FHL Securities Limited, Fijian Property Trust Company Limited, Fijian Holdings Trust Management Limited, Merchant Finance & Investment Company Limited and FHL Retailing Limited.

In addition to its 9 subsidiaries, FHL also has 12 associated companies which are Goodman Fielder Fiji Limited, Golden Manufacturers Limited, Fijian Holdings Property Trust Fund, Fijian Holdings Unit Trust, Asian Paints (South Pacific) Limited, Marsh Limited, Amalgamated Telecom Holdings Limited, New World Limited, Goodluck Investments Limited, Sun Fiji Limited, Fiji Television Group and Fiji Sugar Corporation.

Anonymous said...

FHL was established in November 1984 with an initial funding of $1.2 million. Of this, each of the Provincial Councils paid $50,000 with other contributions came from the FAB, NLTB and the Koula Trust. In September 1989, as part of the Interim Government’s 9 Point Plan, $20 million was injected by the FAB to acquire B-Class shares. This money was used to acquire some key investments that now underpin the strength of FHL. In November 1991, FHL opened its shareholding base to individuals after approval from the FAB and the GCC. This was done to reduce dependence on Government, to broaden our equity base and to allow individuals to participate. In 1993, FHL became a public company but no change was made to the company’s restrictive clauses. In January 1997, the A-Class shares were listed on the then Suva Stock Exchange and had been trading ever since.

FHL Founders
Fijian Holdings Limited was established in November 1984 to fulfill the objective of the Great Council of Chiefs, of creating an entity that meaningfully represent indigenous Fijians in the business sector and ensure their meaningful participation in Fiji’s national economy.

At the 20th anniversary of FHL in 2005, longtime chairman Lyle Cupit paid tribute to Ratu Mara’s foresight and vision: “I therefore honour the late Turaga Bale Na Tui Nayau, Ratu Sir Kamisese Mara, whom I would attribute as the founder of FHL, both in his capacity in the Bose Levu Vakaturaga and in Government. His wisdom and foresight are truly our blessings.”

Cupit also acknowledged his longtime deputy chair, the late Josefata Kamikamica: “I also give my heartfelt gratitude to the late Josefata Kamikamica, who served as my deputy and as a founding director of the Company. He was the stalwart and stabling hand in our early years. His untimely passing in 1998 created a void that took time for the company to fill.”

Cupit also recognized the contributions of PM Qarase: “I must also acknowledge the current Prime Minister and Minister for Fijian Affairs, Hon. Laisenia Qarase who was also instrumental in the operational and strategic set up of Fijian Holdings.”

Anonymous said...

The village that is Mavana City
Tuesday, December 26, 2006
MAVANA Village on Vanuabalavu Island in the Lau Group is sometimes referred to as Mavana City and for a very good reason too.

If one was to visit Mavana Village, one would be astounded by the level of development undertaken that has made it one of the most modern villages in the country.

And the person responsible for this development and foresight is none other than Prime Minister Laisenia Qarase.

"It is just a personal belief that I have for government, for a province, for a tikina, for a village or even for a family. If you don't have a plan on what you want to achieve then it's very difficult to achieve.

Many could be forgiven for thinking that the development of Mavana Village was due to Mr Qarase's influence as Prime Minister whilst he was in government.

But if one took the time to find out, one certainly would be surprised to know that these developments have been a result of many years of planning and soli by Mr Qarase and his fellow villagers.

In fact, Mr Qarase attributes the success of the village to just one thing planning.

He said the village five-year development plan started in 1970 and since then they were now in their fifth five-year plan for Mavana.

All the projects that have been implemented in the village were funded through investment by the villagers.

Mr Qarase said they have two companies one an operating company called Qalitu Enterprises Limited of which the shareholders were the villagers who wanted to purchase shares in the Mavana Village Trust.

"Mavana Village Trust is a trust that holds community shares in a particular commercial activity.

"Now Qalitu Enterprises Limited owns the two wholesale and retail stores on Vanuabalavu, one in the village at Mavana and the other one is located at Lomaloma, which is virtually the commercial centre on Vanuabalavu.

"Between the two commercial trading activities we would control about 75per cent of the total wholesale and retail trade on Vanuabalavu and the goods are mainly groceries, food stuff from Suva, a bit of Hardware," he said.

Mr Qarase said apart from Qalitu Enterprises Ltd, they also have an investment company called Mavana Investment Limited, which was established in the early '80s.

"The objective of this investment company was to accumulate capital contributed by the Mavana Village Trust on behalf of the village and shareholding was also open to individuals in the village.

"Up to now the capital of the company is approximately $500,000 and half of that is owned by Mavana Village Trust the communal shareholding of the village.

"So the investors have been getting a fairly good return for their money and as far as Mavana Village Trust is concerned the income from the investment company going into the village is now about $22,000 each year," he said.

He said the idea behind it was now that they have large costly community assets such as the church, the community hall, water supply and so on they would need regular income to maintain these assets and carry out necessary repairs.

"We most certainly would like to assist in the education of our children particularly those who show promise in academic achievement. We also assist the poorest in our village in terms of housing," he said.
http://www.fijitimes.com/story.aspx?id=54122

Anonymous said...

FHL Chairman's Speech - 20 year Celebrations for FHL
By Mr. Lyle Cupit
05 January, 2005

“The Visions of a few has created prosperity for many”

I join the Directors, the Management and the staff of Fijian Holdings Limited and its Subsidiary Companies to welcome you all and to thank you for being here with us to witness another important milestone in FHL’s corporate progress.

The main purpose of this gathering is to commemorate the 20-Years of achievement for Fijian Holdings Limited and its Group of Companies. As you would have noted, the Theme of our weeklong celebration is “Success Through Team Work”. Underpinning this theme is our belief that strong teamwork involving all our stakeholders – the government, shareholders, directors, management & staffs, and our business partners – had all contributed to our achievement. Therefore I must acknowledge all your contributions in making FHL a success.

Ladies and Gentlemen, the FHL story originated with a vision 20 years ago. I must begin by giving credit to a few, whose foresight and visions have created our prosperity today. I acknowledge the Bose Levu Vakaturaga in its wisdom to establish Fijian Holdings Limited with a sole purpose of accelerating Fijians’ participation in business. This is a momentous task, but not insurmountable. Few individuals put this vision into reality.

I therefore honour the late Turaga Bale Na Tui Nayau, Ratu Sir Kamisese Mara, whom I would attribute as the founder of FHL, both in his capacity in the Bose Levu Vakaturaga and in Government. His wisdom and foresight are truly our blessings.

I also give my heartfelt gratitude to the late Josefata Kamikamica, who served as my deputy and as a founding director of the Company. He was the stalwart and stabling hand in our early years. His untimely passing in 1998 created a void that took time for the company to fill.

I must also acknowledge the current Prime Minister and Minister for Fijian Affairs, Hon. Laisenia Qarase who was also instrumental in the operational and strategic set up of Fijian Holdings.

FHL Group Total Assets is now approaching $200M,
FHL has paid out close to $37M in dividends to shareholders,
Shareholder funds has grown by almost four times, from initial capital of $30M, net assets now at $113M,
FHL has investments in 25 strong companies,
Group profits now exceeding $12M per year,
Share price grew by 85% since listing in 1997,
We have trained close to 30 young graduates under our Management Training scheme,
There is no doubt that FHL is now the Flagship for Fijian Business.
These results would not have been achieved without the foresight of the directors and the hard work of our employees. I take this opportunity to acknowledge all their contributions and dedication to our course.

Thank you very much and we wish you well in this festive session.
http://www.fijianholdings.com.fj/pages.cfm/news?newsid=chairmans-speech--20-year-celebrations-fhl

Tell the bloody truth! said...

Anon @ 4.41, I've just gone to the Davis Grubshit and looked at what Tavita said and you're a liar. Tavita said it was a kangaroo court and that's why Davis got rid of him. Why make up this BS about it being about Dakuwaqa?

You and I are on the same side, bro, but we ain't gonna get anywhere peddling anything but the truth. The TRUTH of the illegality of the coup, the TRUTH about the Baini. Why make false propaganda that is so easy to disprove? Makes you look like an idiot, bro. Worse, it weakens the cause.

Anonymous said...

FICAC witness, the former FHL CEO Sitiveni Weleilakeba was grilled by defence counsel for former Fiji PM Laisenia Qarase in court yesterday. When asked about whether he received any training for the position of company secretary which he took up in November 1987 at FHL, Weleilakeba confirmed that he received no specialised training to perform the functions of the company secretary. Weleilakeba’s only qualifications are a Bachelor of Agriculture and a Post Graduate Diploma in Agricultural Science from the University of the South Pacific.
The small courtroom has been packed since the legal Prime Minister’s trial began on Thursday 5 July 2012. About 15 FICAC staff investigators and support staff have apparently been instructed to pack the benches. They arrive early and those who come at 9.30 when the trial begins everyday are often left outside waiting for a chance to get in when someone leaves the room. But the evidence is riveting and no one leaves. The question has to be asked whether the FICAC staff have any work or whether they have been instructed to come and fill up the benches during PM Qarase’s trial.
Weleilakeba admitted upon questioning yesterday by lead defence counsel Tupou Draunidalo, that he analysed each application for shares submitted to FHL in 1991 and 1992, the time period for which Qarase is alleged to have failed to have disclosed his interest in QTen, Mavana Investments and Cicia Cooperative Society. Weleilakeba admitted that he carried ou company searches on the three companies, tabulated the list of shareholders and directors, and that was put together in a board paper presented to the FHL Board before it decided to allot shares to the three companies.
Weleilakeba also said that he recognised PM Qarase’s signature on the application on behalf of the three companies for shares in FHL and that this letter along with the results of the company search, the memorandum and articles of association, and his own tabulated list confirming the names of the shareholders and directors, were sent out to FHL Board members one week before the board meetings in question. Weleilakeba admitted that he had informed the Board of Qarase’s interest in the three companies.
When questioned further, Weleilakeba admitted that Qarase was not a shareholder in the three entities in question – Mavana Holdings was majority owned by the Mavana Village Trust and people of Mavana Village, Cicia Cooperative Society was owned by the 15 Mataqali on Cicia Island and QTen Investments was owned by Mrs. Leba Qarase and 5 Qarase children. PM Qarase was only a financial advisor to these three entities. In any case, his involvement in the three companies, was well known to the FHL Board, said Weleilakeba.
When questioned about the poor quality of the FHL Board minutes, which did not detail how each Director voted, Weleilakeba admitted that this was the practice at the time – and he simply followed the format that the then FHL Board Chairman, the now deceased Lyle Cupit wanted – that only the resolutions were to be listed, and not what each Director said about each resolution, or how they voted, whether they voted for or against, or abstained.
Weleilakeba also confirmed that at the time of the purchase of FHL Class A shares during this period (1991/1992), FHL was still a private company.

Anonymous said...

Yes, FICAC members have important work to do. They need to investigate the plethora of allegations of corruption against Bainimarama, Khaiyum, Aziz, Nur Bano Ali, Ah Koy, Naivalurua, etc.

Anonymous said...

The FIJI TIMES publisher is waiting for Aiyarse Kaiyum to drop his pants so that he can lick him up

Anonymous said...

Wind up/sell FHL -its a crooked company owned by self centred Fijian elites...can someone tabulate the owners of ALL shares on provincial basis..

Anonymous said...

Anonymous 9:52, my apologies. I confused this with the case of Wilson (Ilisoni) Tamanikaira. I don't appreciate your calling me a liar and an idiot over what was an honest mistake, bro.

After all, Davis announced a few days ago that Wilson was the only person ever evicted from Grubsheet. I didn't know there's now been another! Sounds like Davis is wearying of taking on everyone as coup apologist.

It's true that Wilson was supposedly evicted for making racist and threatening remarks, but his eviction occurred only immediately after he sent Grubsheet the non-racist and non-threatening Dakuwaqa quote.

I didn't know there'd been a second eviction. I don't read Grubsheet that regularly.

Well, it's Davis' blog. He can expel anyone he wants. And who cares?

When Grubsheet readership numbers drop too low, Davis can always return to C4.5 and try to poach some of its readership by stirring the shit pot.

Personally, I'm fine with that. I enjoy reading the give-and-take.

Anonymous said...

Dina says.....

Hey FICAC....what about the Military regimental funds abused by Frank bainimarama & Epeli Ganilau..

What about Mahen Chodo $2 million and tax evasion?

What about murderers in the military?

What about Frank and Aiyaz khaiyums Nepotism spreading across the nation?

What about Franks illegal annual leave back pay of $276,000.00 ?

And many more injustices......list goes on.

So everyone else is a crook and corrupt except them......

God Bless Fiji

BUt they will be judged in heaven, that is more interesting.

Paula Tucaketale said...

Looks like a deal here. Can't blame Weleilakeba...he must be thinking of what the regime did to Saki and how their legal system chewed out his finances and left almost him broke from defending something that was justified. It's just another ploy by the regime to exhaust LQ's finances and bring him to his knees so that they can weaken his ability to campaign and impact his overall influence.

Anonymous said...

If Qarase is thrown in jail now, we all know the truth. At least with thank this idiotic illegal regime for allowing the truth to be told once and for all.

The world is closely watching this trial. So if Qarase goes to jail - our theory that they want him out of action come elections will be PROVEN.

Then, Frank and Aiyaz (since their is no more money) will call for snap general elections to justify there plea to the international community to give us some paisa...hahahaha

Sa qai matata ga mai na matanimeke!

Anonymous said...

OILEI DIDN'T YOU READ THE PREVIOUS POSTS,SITIVENI DIDN'T DO ANY DEAL....THANK GOD FOR THE TRUTH THAT WILL SET THEM FREE!!
THEY OBVIOUSLY DID NOTHING WRONG ,ALL THEY WERE TRYING TO DO WERE TO DEVELOP AND INCREASE
THE WEALTH OF THE I TAUKEI AND THE FIJIAN ECONOMY.
JOB WELL DONE SITI AND MR QARASE!!
YOU ARE OUR HERO,WE WILL VOTE FOR YOU IN THE NEXT ELECTION!! PEOPLE ARE JEALOUS AND DETERMINED TO DISSCREDIT YOU BOTH"IF GOD IS FOR YOU WHO WILL BE AGAINST YOU"
HANG IN THERE!!

Anonymous said...

Siti, you can run, BUT you cannot hide!
ONE DAY MAFATO!! History will judge you , but more importantly, the law will turn around, like a double-edge sword, GET you!!
I hope you sleep tight everynight!!

Anonymous said...

Wrong @ July 10, 3.39p.m. Methinks the world is watching the trial closely to learn more about what Qarase and cohorts were really up to.

And sorry to break it to you that Fiji's return to democracy is not dependent on Qarase. Not at all.

Anonymous said...

I don't read Grubsheet much, either, because I can't contribute to it. I'd never send a traitor like Graham Davis my email address, because he could share it with the regime or post it on his website. His registration requirement for posters virtually guarantees that regime supporters will be overrepresented on Grubsheet as opponents would fear registering on it would open the door to a midnight visit by the army.

Anonymous said...

Conflict of interest
by navosavakadua

The regime is attempting argue that Laisenia Qarase should have declared a conflict of interest between his role as a director of FHL and his role as a member of Mavana village. Was there someone on the FHL Board who didn’t know that Qarase was from Mavana?

Did Jo Kamikamica or Lt Col Navunisaravi declare their interest in Tailevu Dairy Farmers Coop of Tailevu Provincial Holdings? Everyone knows they’re from Tailevu, just as they know Ratu Jone Kubuabola is from Cakaudrove, the Provincial Council with the largest holdings in FHL.

What Jo Kamikamica, Ratu Jone Kubuabola and Jo Kamikamica also have in common is that they are highly educated in economics and business. They held their positions as Directors on merit. They no doubt advised the communities they served to invest in FHL. Were their communities supposed to be disqualified from investing just because they had within their ranks well educated men who were contributing to the development of the nation as well as their own communities?

The authorities have blocked the news sites reporting the trial but thanks to a blogger on Fiji Today we know that Sitiveni Weleilakeba confirmed that Qarase did not actually own shares in the three companies he was accused of having an interest in. His wife owned shares in one, but not Qarase himself. These days K.haiyum and Jiko Luveni are always boasting about the regime’s achievements in gender equality, including the right to own property in their own right.

Sitiveni Weleilakeba also confirmed that he drew the Board’s attention to the role of Qarase as the financial advisor to the three companies in question.. There was no hidden conflict of interest.

While on the question of conflict of interest, surely it is a conflict of interest to hold the office of Prime Minister and Commander of the Military, or AG and the Electoral Commission, or Solicitor General and DPP, not to mention a host of other government offices?

It’s almost beyond belief that Bainimarama and Khaiyum can utter the words ‘conflict of interest’ without choking.

Anonymous said...

I've never been an SDL or Qarase suppprter, but it's becoming abundantly clear that the regime has got nothing damning on Qarase, nothing at all.

Anonymous said...

FICAC - "used almost exclusively for the legal harassment, at public expense, of regime opponents -- including over the most trivial of infractions -- by hook or by chook."

I like that. Describes its persecution of Ratu Saki and Imrana Jalal to a tee. So long Hook and Chook the restaurant. Hello Hook and Chook the crooked regime.

Anonymous said...

THIS REGIME ARE SO THREATNED BY MR QARASE THAT THEY HAVE THROUGH ALL THIS BS...WASTING TAX PAYERS MONEY YET AGAIN AND WHAT TO BE JUDGED BY THE CORRUPTED ...WELEILAKEBA & BALE SHAME ON YOU...VAKALOLOMA NOMUDRAU BULA...WELL ITS NOW OBVIOUS WHO IS A TRUE LEADER.

Anonymous said...

o cei mada o Kyaiyum? hes a bloddy foreigner wanna be Fijian. Dua mada e basuka nona sapota raica tu na tabu teve.
Bloddy hell KaiVTs , sa vinaka vei keda meda qai vekaci wavoki tu vaqori. e ra sa dredre ka dredre na vulagi koya sa ra mai kaya tu qo ni ra kai VT. Na veivakalolomataki levu. Ia se ra moce tiko ga na Kai VT..ai tukutuku..!

Anonymous said...

Siti Weleilakeba is actually the best thing that happened to LQ in this entire case. He is proving to be a hostile witness to the Prosecution and really proving to be more of a liability than an asset. Hopefully the regime idiots fail to realise it until its too late. LOL..oilei na bula..lol