This, if true, brings back memories of the easy loans given to government cronies by the National Bank of Fiji.

We can only hope that the HFC Bank is not on the same slippery slope as the NBF..

Faiyaz Koya exposed

Continuing our expose of corruption within the Fiji First Government here’s one about a former Attorney General and now Industry, Trade and Tourism Minister, providing false information in order to gain for himself.

Documents obtained by C4.5 tonight reveal Fiji First Minister Faiyaz Koya falsely declared a higher salary on his application for a loan from the HFC – Home Finance Company Bank.

The unscrupulous Faiyaz Koya is another puppet who dances to the tune of Frank Bainimarama and Aiyaz Sayed-Khaiyum, circumventing the system and breaking the law like his role models, for personal gain. He is a favourite of Frank Bainimarama’s boys, with the dictator calling him Amitabh Bhachchan for his moves on the dance floor as well as sharing his cigarettes with the school dropout PM.

The documents are from 29th September 2014, five days after Koya was appointed Attorney General and Minister for Justice, a portfolio he held for less than two weeks before Khaiyum took over and Koya became Industry, Trade and Tourism Minister

In 2016 Bainimarama gave him additional portfolios of Lands and Mineral Resources, positions previously had by the reliable Mereseini Vuniwaqa.

The documents show Mohamed Harun of HLB Crosbie & Associates, acting as Koya’s accountants wrote to HFC saying Koya was on a salary of between $260,000 to $300,000. The letter was written on 29th September 2014, four days before the Bainimarama regime promulgated the last Decree before Parliament started on October 6th, paying the Ministers hefty salaries.

But in the Decree the AG’s salary was $235,000 while other Cabinet Ministers (except Health, Education, Infrastructure who were paid $200,000), were paid $185,000 per year.

Koya falsely over-declared his salary by $75,000 to $115,000 to qualify for a larger loan.

Within three days of his application, Koya obtained a loan of almost a $1 million. Which other ordinary customer, described as a politically exposed person according to the documents, would receive such a high amount of loan within three days?

At the end of November 2015, 13 months later, Koya applied for a another loan against his salary and assets that suddenly accumulated to $885,000. His liabilities were shown at only $150,000.

This is the way our nation has been run where the rules are different for the privileged few. And don’t forget – this is after a military coup, that the regime says was a clean-up revolution to get rid of corruption!

And this is the man representing Fiji at Pacific Islands Forum in Nauru. So if the puppet is rolling in what he reckons is rich filth, it is no wonder that Khaiyum has millions stashed away as revealed last week.

And what is the Supervisor of Elections doing about this? Is he investigating the false declarations made by Koya and Khaiyum! Or is he on a witch hunt tormenting Opposition political figures?

Watch this space as we reveal more corruption within Fiji First.

Loan Application – Faiyaz Koya by coupfourpointfive on Scribd

This does not make sense given the rcently published income and assets of the Attorney General..

Then there is the old saying where there is smoke there is fire…

The following is from http://www.coupfourandahalf.com/

Khaiyum’s millions in an American bank and elsewhere

Aiyaz Sayed Khaiyum has close to $15 million in assets – more than $7 million of it cash.

Bank statements made available exclusively to Coupfourpointfive show Khaiyum has been depositing as much as $65,000 at a time.

In March this year, deposits totalled $100,000 plus.

 

 

Account statements for Scottrade, an American investment bank, that’s been taken over by TD Ameritrade, show Khaiyum has amassed millions since seizing power with Frank Bainimarama.

It’s no wonder he doesn’t want to leave and that Bainimarama can’t touch him.

The money trail in these statements show the inseparable link between these two crooks.

More to come on this story.

January bank statement

 

February bank statement

March bank statement

 

April bank statement

May bank statement

Check out the link… It may help you if you are a sufferer…

http://www.viral4real.com/mango-leaves-tea-cure-diabetes/

An acquisition based on what profits, what margins.. As usual, no details provided..lucrative ??? who really knows…

Three Fat FishSODELPA Leader Sitiveni Rabuka was part of the welcoming committee when Prime Minister Voreqe Bainimarama commissioned the Self Help Solar Project in Drekeniwai Village in Vanua Levu.

Suppose this individual in 2009 (age  55) had a balance of 300 thousand (being generous to this army officer).

Then in 8 years his balance increased to  $990 thousand i.e. by $690,000  over 8 years.

Or roughly $86,000 contribution annually.

Or effective annual salary of more than $540,000  if contribution is 16% of income.

Add to that $3000 times the number of days out of the country = at least $600,000.

Total income annually probably more than one million.

The majority of FNPF members today have less than F$10,000 in their pension account, how can they survive retirement on an annual pension of 9% of that sum or double that sum.

The simple fact is many of them will not be able to survive.

Remember our governments reorganisation of the FNPF where they introduced decrees that permitted the breaching of pensioners legal contracts by the FNPF management. 

The result of that has worked wonders for a select few and caused extensive hardship for the majority of existing pensioners.

We are advised that one privileged member FNPF Account number 0620599 DOB: 27/04/54. Had a Total Balance as at August 2017 of F$987,485.39, this equates to an average yearly contribution and interest of F$22,964… for each of the last 43 years… Made possible by this administrations overhaul of the FNPF…. Want to guess who this account belongs to…????

Frank this was 4 years ago, Your party won because of the high volume of votes 279 received,,   Get ready to drop votes and seats Frank, there are a lot of unhappy voters.Only FIVE months to go to the election and its almost too late for you to jettison the massive handicap you are carrying.

A handicap that you gave yourself, by giving one individual too much power, the handicap of the resulting lack of transparency, cronyism and corruption. It is all around you Frank, you MUST be able to see it. 

Those that want you to continue in power are appalled that you ignore it. Those that want to replace you are rubbing their hands in glee.

There is no doubt that you will get many supporters willing to sign when your Blue Bus travels the country, but on polling day Frank it could well be a different story unless you put your own house in order.

You created these problems Frank and there are still a great many people who are waiting to see if you are big enough to sort it out.

Time to stop listening to bullshit Frank, time to sit down with the men you trusted in 2006 (some of who you have discarded) and listen to what they have to say, chances are you might not like to hear it, but it could help you win the forthcoming election.

Everyone now knows who is presently making all the rules in Fiji Frank, and it is not you.

How about setting up a Hot Line for Nepotism, Cronyism and corruption… Not forgetting defrauding pensioners and protecting himself with Decrees…

Minister for Education Aiyaz Sayed‑Khaiyum

The Minister for Education Aiyaz Sayed‑Khaiyum says they are going to set up a hot line to deal with complaints regarding the Education system.

Sayed-Khaiyum highlighted that sometimes parents call media organizations instead of the Ministry of Education to raise their issue but they do not necessarily tell the truth.

He adds that people can channel complaints through the Ministry’s hot line as it gives a better mechanism to see things through this complaints.

Sayed-Khaiyum says they have some parents that say that their son or their daughter is not being accepted but then they find there are issues pertaining to discipline and various other issues.

Fijivillage had highlighted an incident whereby a Year 12 student of Jai Narayan College who has been part of the school since year 9 was told to look for another school by the Principal.

The father of the student says that the list of students that had already been given a place in Year 13 had scored more than 300 marks whereas his son had scored 219.

The parent confirmed that after discussing this issue with the Ministry of Education, they were informed that his son can attend Year 13 in another school in the Samabula area.

Sayed‑Khaiyum states that they have referred this complaint so the Ministry of Education will speak directly to the school.