Investment racket exposed

Issue No: 899; 29 June 2001

 
The media has exposed a multi-million dollar racket involving Asian nationals coming to Fiji.

It is reported that Asian nationals have been applying for investment permits in Fiji promising millions of dollars of investment. But once the permits are granted, and entry visas secured, the investments do not follow.

It is understood that the Fiji Trades and Investment Board has been approving these applications and is aware that most applicants neither have any intention of investing here nor do they invest as per approval. It is estimated that over 30,000 Asians have entered the country through the illegal racket.

The police is aware that there is a major racket involving the entry of Asians in the country illegally. It is also understood that some people associated with the Fiji Trade and Investment Board are facilitators in the racket.

The Chief Executive Officer of the Investment Board is a strong supporter of Qarase. Like Qarase, he was also implicated in the Fijian Holdings scam. (see: http://www.pcgov.org.fj/docs_c/fijian_holdings_fdb_details.htm )

Corruption in the country has reached unprecedented levels since Qarase usurped political power. There are exposures of corrupt practices almost daily by the media.

 

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