February 01, 2011

Countdown on for CEO

The CEO of the yet un-named major company is still under the spotlight.

Looks like there was more to the Wairiki Mill issue than meets the eye.

With the crescendo of this latest drama by the illegal and treasonous military regime quickly gaining momentum, we're going to take the agony out of this farce.

She's more or less going, going, gone. 

The whispers are that the now-gone CFO and the illegal and treasonous Aiyaz Sayed Khaiyum did not get on and these are his orders for Bainimarama to execute while he prances around in India and China.

BREAKING: Mrs Sereana Qoro the CEO of Fijian Holdings and her board chairman, Isoa Kaloumaira have resigned AGAIN.

Findings to determine CEO’s fate

The chief executive officer of a major company in the country will be sent home if a probe currently underway substantiates corrupt dealings.

As this edition went to press last night the chief executive and the company's board chairman still had not responded to earlier queries from the Fiji Sun.

The Prime Minister's Office has confirmed that investigations are continuing on the chief executive officer of a major company for alleged corruption.

The investigation is centered at a big payout received by one of the company's managers following his resignation from the company.

The manager's resignation, according to reliable sources came about, after the Government discovered of his corrupt practices in allowing the CEO to enjoy two salary packages. Apart from her normal salary, the CEO was also receiving the salary as board chairman of one of the subsidiary companies.

It was revealed that it was through this connection that led to the payout of $155,000 to the manager in addition to a company car (authorised by the CEO) even though the receiver was not entitled to it.

The source said this forced the Prime Minister Commodore Voreqe Bainimarama to intervene and initial investigations conducted have substantiated the matter.

Commodore Bainimarama then directed that the money and the car be returned. To date, according to the source, only the car and $50,000 have been recovered.

Commodore Bainimarama has confirmed that investigations are continuing while the CEO and the Chairman of the Company chose not to respond to the queries sent by the Fiji SUN.


Anonymous said...

Sure sign of a despot and whimsical flights of fancy - one moment BBF's and the next, a hissy fit .... and the great sense of power to do as they see fit - be judge and jury when they feel like it with hidden agenda's emerging like porcupine's bristles ..... such gross behaviour by disgusting and un-ethical people.

Vomit !

Radiolucas said...

Yep. Just another double-shuffle - this is how government works in the Regime's hands.