The Fijian Holdings Unit Trust will respond to Interim Prime Minister Commodore Frank Bainimarama's comments that only the elite Fijians have benefitted from the company.
A senior officer told Legend FM News that board Chairman Joe Marr, Sitiveni Weleilakeba and General Manager Jaoji Koroi are currently in New Zealand attending a meeting, and they will respond to Bainimarama's statement when they return tomorrow.
He says the three executives have been briefed on the decision by the interim government to remove income tax exemption for subscribers of Fijian Holdings Unit Trust and the Commander's comments that the exemption was only benefiting the elite Fijians who had initially deprived the provincial councils and ordinary Fijians the right to purchase shares in Fijian Holdings.
The Interim Prime Minister had earlier stressed that the benefits of the Fijian Holdings shares have not really filtered down to the people to whom it was intended for and somehow has benefited only a few, particularly the large subscribes.
Fijian Holdings to respond later
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