CREDIT Corporation Fiji Limited has been ordered to pay a young businessman $5 million.
The High Court in Lautoka handed down judgment on Monday after the company failed to file a statement of defence in court.
Rustam Ali, 26, of Lautoka had personally filed a writ claiming $5m from the company for loss of business and customers, and for stress.
"No statement of defence having been filed and served by the defendant herein, it is this day adjudged that defendant Credit Corporation Fiji Limited do pay the plaintiff the sum of $5,000,000 (five million dollars) together with damages and costs to be assessed by this Honourable Court," the default judgment read.
Mr Ali told The Fiji Times he was happy with the judgment, saying he was a victim of fraudulent activities.
"I have all concrete evidence to prove I was a victim of fraudulent activities resulting in a loan being given to someone - I had tendered all of this to the court when I filed the writ," he said.
Mr Ali filed the writ after the company approved a loan on September 26 last year to another company in Suva, purported to be a limited liability company whose directors were he and his mother, Shamshad Begum.
In his Statement of Claim, Mr Ali said he wrote to the moneylending institution in March this year and advised it that neither he nor his mother were directors of the company.