September 19, 2011

Fiji Village confirms our Fijian Holdings news

As we broke this morning, Fiji Village has now confirmed our lead.

PM orders special audit on FHL chairman
Publish date/time: 19/09/2011 [13:03]

A team from the Prime Minister’s Office and the Ministry of Finance is now conducting a special audit on the Chairman of Fijian Holdings Limited, Carl Cameron.

FHL has announced that Prime Minister Commodore Voreqe Bainimarama has appointed a committee to undertake the special audit regarding the allegations received against Cameron.

The FHL board met this morning and also appointed Iowane Naiveli as the Acting Chairman until the special audit is completed.

The board said at this stage the audit is focused on corporate governance related issues and the recent appointment of the General Manager for Merchant Finance, Greg Cathcart.

Cameron was appointed as the Chairman of Fijian Holdings on the 27th of June this year and is also the Chairman for Merchant Finance and Investments, Fijian Property Trust, FHL Logistics Limited, Blue Lagoon Cruises Limited and PNG based Pasifika Holdings Limited.

Meanwhile, the FHL board said it is business as usual for the company and the enquiry will have no impact on the day to day running of the group’s business activities.

Story by: Vijay Narayan

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