The Fijian Holdings Limited Chief Executive Officer has today advised the South Pacific Stock Exchange that Managing Director of the FHL group, Sitiveni Waleilakeba has been charged by Fiji Independent Commission Against Corruption.

In a statement this afternoon, CEO Jaoji Koroi confirmed that the offenses related to corporate and secretarial matters of FHL in 1992 and 1993 relating to the recording and confirmation thereafter of the September 30th 1992 Annual General Meeting.

He said partial takeover of the RBG shares currently made through the SPSE is not affected in anyway by these changes.

He has advised shareholders, subsidiary companies and prospective investors that the security of their investment with FHL is not affected.

Sitiveni Weleilakeba appeared in the Suva Magistrates Court facing charges of forgery and uttering false documents this morning.

Magistrate Aminiasi Katonivualiku read out the charges highlighting that Weleilakeba is charged with 1 count of falsifying 6 paragraphs of resolutions reached by Fijian Holdings on October 23rd, 1992 with intent to defraud the Registrar of Companies and the shareholders of Fijian Holdings Limited.

It is alleged that Weleilakeba forged 6 resolutions by the Fijian Holdings that the Board of FHL had resolved that the Company be listed as a public company and that allotment of shares to the company be ratified at its AGM. It is alleged the document was forged prior to the AGM taking place in October 1992.

The second count deals with Weleilakeba allegedly uttering the forged documents at the Registrar of Companies Office allegedly knowing that it was false and that it was not resolved at the Fijian Holdings Limited board AGM.

Weleilakeba has pleaded not guilty to the charge and has been released on $1,000 bail and told not to interfere with witnesses.

The case is adjourned to April 28th.