The decision by the interim Minister for Fijian Affairs Commodore Frank Bainimarama to make sweeping changes to the board of Fijian Holdings Limited is to ensure transparency and accountability within the organization due to investigations underway into FHL by FICAC.
Speaking to Fijivillage this afternoon Deputy Secretary for Information Major Neumi Leweni said the steps taken will also ensure that there is no interference and no hindrance to the operations of FHL while investigations continue.
FICAC confirmed that investigations into various dealings by Fijian Holdings Limited is still underway.
Newly appointed chairman of Fijian Holdings Limited Robin Stork when contacted again on the matter said they will not make any further comments, while new Group Managing Director Sereana Qoro is yet to respond to questions sent by Fijivillage.
Meanwhile, trading in Fijian Holdings Shares on the South Pacific Stock exchange resumed today after trading was suspended yesterday in light of the changes made to the FHL Board.
Exchange CEO Jinita Prasad said from the information provided by the new FHL executives, they are satisfied that the changes to the FHL Board is within the constitution of the Company.
FHL Changes To Ensure Transparency
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