The self-appointed Prime Minister Frank Bainimarama (right) and Home Finance Company Ltd. Board Chairman, Tom Ricketts after the unveiling of the new logo for HFC Bank — at Novotel Suva Lami Bay.
Bainimarama warns voters against politicians and hangers-on responsible for the infamous National Bank of Fiji (NBF) scandal: “Now, some of those same politicians and hangers-on who were responsible for this scandal – and others who benefited personally – are seeking your vote in the forthcoming general election. They are relying on you having short memories. They are treating you as if you are stupid. I urge you to call their bluff and consign them to the political dustbin of history. With their noses stuck firmly in the trough, this elite – aided by a grossly irresponsible management and board – raided the National Bank of Fiji for loans that many had no intention of repaying. They ripped off their fellow Fijians...The funds of ordinary Fijians were misappropriated.
These elites effectively robbed their own countrymen and women – decent, hardworking ordinary people who had put their trust in the Bank and the Government.”
WHAT ABOUT HIS VERY OWN POLITICIANS & HANGERS-ON:
During his time on the FNFP Board, the Board had bought 1,716,724 Class B shares in Yatu Lau Company Ltd. Ricketts at that time held 5,000 Class A shares in Yatu Lau. Was there a conflict of interest?
See Victor Lal: Yatu Lau Class A Shareholders and NBF loans
Bainimarama's Foreign Minister Kubuabola another NBF defaulter; see Victor Lal: Kubuabola borrowed nearly $194,000 from Fiji's collapsed National Bank
Bainimarama's side-kick Esala Teleni another defaulter; see Victor Lal: Teleni and wife borrowed more than $60,000 from collapsed NBF
HOME AND AWAY: TOM RICKETTS' $67,000 Hotel & Flight Bills:
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