Tabua Investment Company is still waiting for clarification from the Water Authority of Fiji in relation to revelations that the Company had arrears of water rates amounting to over $338,000 at the end of 2005

The revelation was made in the Public Accounts Committee report after an assessment of the 2006 Auditor General's report.

Tabua Investment Spokesperson told Fijivillage today that they are yet to receive a word from the Water Authority.

Water Authority CEO, Tony Fullman is expected to comment on the matter later today.

The Public Accounts Committee revealed that Tabua Investment Limited which was the developer of Denarau Island, had arrears of water rates amounting to over $338,000 at the end of 2005.

Previously individual consumers on the island used to be billed but in 2004 the department billed the developer on Denarau Island through a master meter.

The company that was the developer would then be responsible for billing the individual consumers on the island.

However the company disputed the high bill and refused to pay.

Without investigation as recommended by the Auditor General, the committee said the department of Water decided to write off the total amount of $432,000 owed by Tabua Investment Company without the approval of the Ministry of Finance.