Fiji Times Online

Fiji Time: 3:28 PM on Monday 6 September

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Dairy company seeks rapid police action

Monday, October 06, 2008

REWA Co-operative Dairy Company Limited and its shareholders are urging the police to resolve a pending case of mismanagement at the company.

Company chairman Josefa Serulagilagi said there was mismanagement of resources by most senior officers in the past.

The mismanagement investigated by the police is understood be "corrupt" in nature.

The investigations have been going on for three years, and Mr Serulagilagi says this is too long.

The Rewa Dairy board and farmer shareholders agree the issue demands urgent resolution.

Farmers spokesperson Vijendra Prakash said they want justice, adding they believe the case has been neglected by the police.

"We want good people to speak for us," Mr Prakash said.

"And if there are corrupt ones we would like to see justice done as soon as possible. We fail to understand why it's taking so long for the police to resolve this case."

Mr Serulagilagi said several instances of apparent malpractice have been identified by a Price Waterhouse Coopers investigation and a report lodged with the company's lawyers.

"Now is the time to put on record the puzzlement and extreme disappointment of the board at the lack of progress made in this related matter," he said.

"A police inquiry into the malpractice allegations identified in the auditor's investigation report has dragged on without result, for much longer than is reasonable."

Mr Serulagilagi said Transparency International was closely monitoring the affair and that the organisation shared the board's concerns about economic fraud cases being brought to a swift and just conclusion.

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