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Issue No: 710; 28 April 2001
59 properties belonging to the family of Rabuka's Finance Minister Jim Ah Koy, have been put on sale. Today's Fiji Sun carries an advertisement listing the properties which are on sale. These include buildings, land, and a resort. Ah Koy estimates that his assets are worth "$39-$40m". Earlier he sold his interest in a computer company which was a major beneficiary of the Rabuka regime's Y2K and other computerisation programs. These programs, which were to be found to be inappropriate and non-transparent, were stopped by the People's Coalition Government resulting in a savings of many millions of dollars for the taxpayers. It is widely believed in Fiji that Ah Koy amassed most of these properties through corruption and insider dealing. Ah Koy was the Finance Minister under Rabuka. He was also instrumental in placing conditions to the SVT's acceptance of the offer by the People's Coalition Government to join the cabinet. One of the conditions was that the SVT be given the Finance portfolio. The fall of Ah Koy from government ministerial control, and the collapse of his empire are no strange co-incidence. The collapse was coming as the People's Coalition Government had begun to rid the nation of corruption, influence peddling and nepotism. Ah Koy has been, on his own acknowledgment, been linked to the
terrorists. Today he denied any such links in an interview with the Fiji Sun. |
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People's Coalition Government - Fiji Islands |
