Probe into top CEO, payouts
The chief executive officer of one of the country's major companies is being investigated for alleged corruption.
When he was asked, this was confirmed yesterday by the Prime Minister Commodore Voreqe Bainimarama.
The Fiji Sun was reliably informed that the investigation is based on:
- The CEO receiving two salaries. One as the CEO of the company and the other as the board chairman of one of the subsidiary companies.
- The approval by the CEO for a $155,000 payout with a company car to one of the company managers who resigned. This was done despite the fact that the manager who received this was not entitled to the payout.
Sources indicated that the manager's resignation came after the Government found he had allowed the CEO to be paid the two salary packages.
The source also indicated that this forced Prime Minister Bainimarama to intervene and call for an investigation.
He then directed that the money and the car be returned immediately.
Up to now, according to the source, only the car and $50,000 have been recovered.
Commodore Bainimarama confirmed sending out the directive.
"Investigation is currently underway and I have nothing more to say," he said.
The company's CEO failed to respond to queries sent by the Fiji Sun.
When contacted, the CEO agreed to attend to the queries but did not respond.
Also the company's board chairman was contacted at home and indicated that he was busy and would later return the call.
However, this also had not eventuated when this edition went to press last night.
January 31, 2011
More micro-managing by the illegal and treasonous regime
Once again, the illegal and treasonous Voreqe Bainimarama dabbles in things beyond his calling and expertise.
While the name of this currently targetted (and past his/her use-by date) CEO is being with-held, the "investigation basis" appears to fit the bill of Fijian Holdings.