The court case between the Native Land Trust Board and the Fiji Development Bank is expected to get underway in the next few months after the NLTB took legal action against the FDB and others in relation to a loan taken by businessman, Ballu Khan and his company.
NLTB General Manager, Alipate Qetaki said they have taken this path based on a number of grounds, after the FDB granted Khan and his company the loan following a document purporting that the loan is guaranteed by the NLTB.
The alleged guarantee basically means that the loan taken by Ballu Khan prior to the events of 2006, would have to be paid by the NLTB if Khan does not make the repayments.
Qetaki says the court action has been taken in the best interest of the landowners after the FDB served the demand notice to the NLTB to repay Khan's 3 million dollar loan.
The current administration of NLTB is arguing that the NLTB board was not aware of the loan guarantee.
This matter came to light after the Prime Minister, Commodore Frank Bainimarama, who is also the Chairman of the NLTB, raised the issue while briefing the villagers of Dawasamu last week.
NLTB/FDB court case in next few months
Related Stories
We are committed to holding elections – Siromi Turaga
Questions were raised during Dialogue Fiji’s Constitution review discussion on whether the government can delay the general elections and complete the Constitution review however Acting Attorney General Siromi Turaga
Fijian economy on track to grow for fourth consecutive year in 2025 by 3.4%
The Fijian economy is on track to grow for the fourth consecutive year in 2025 by 3.4 percent, following a 3.5 percent expansion in 2024. The growth forecast is revised up marginally from the 3.2 percent projected
Heavy Rain Alert for Eastern Viti Levu, Southern Bua, Cakaudrove, Taveuni and maritime areas
A heavy rain alert is now in force for the eastern half of Viti Levu (Navua–Suva–Nausori to Serua–Namosi to Tailevu–Naitasiri–Ra areas), southern Bua, Cakaudrove, Taveuni and nearby smaller islands, the Lau an
We need to dismantle criminal enterprises, hitting them where it hurts most - Speaker
Speaker of Parliament, Filimone Jitoko has highlighted during the opening of the Office of the Director of Public Prosecutions Conference that there is a need for prosecutors in the country to master the digital frontie
Fiji has learned from its past and we know that restricting media engagement or access is not the answer - Tabuya
At all times, the public interest in accessing information and the media’s role in scrutinising government must outweigh any unilateral power to silence or sideline a news outlet. In Fiji, we uphold the principle that
Wailea resident raises concerns about drug issues raised countless times with Police while COMPOL says official complaint must be lodged
Wailea Settlement Community leader, Inoke Utona says he has raised the issue of drug use and dealing in their area countless times with the authorities but there has still been no response from Police. However when