Fiji Time: 2:14 PM on Friday 28 August

Fiji Times Logo

/ Front page / News

Audit reveals financial abuse, mismanagement

By GERALDINE PANAPASA
Thursday, March 06, 2014

Update: 2:14PM THE audits of certain micro finance institutions (MFIs) have revealed gross abuse and mismanagement of funds.

In a statement this week, the Ministry of Industry and Trade revealed this had led to a number of clients not being able to access their deposits in those MFIs.

"The Fijian Government has undertaken to assist and reimburse the affected clients," the statement said.

"The clients belonging to those MFIs, who have been unsuccessful in accessing the savings and deposits, are notified that a registration and verification process will be undertaken by the Ministry of Industry and Trade."





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62450.6055
JPY 56.810253.8102
GBP 0.30290.2949
EUR 0.41450.4025
NZD 0.73480.7018
AUD 0.66190.6369
USD 0.47110.4541

from

$0.00

Exchange Rate updated on 27th August 2015

Today's Most Read Stories

  1. Draunidalo hits back
  2. Who dares wins
  3. Gavoka: Let police handle the situation
  4. Skull find
  5. South Africa wins series
  6. State grants lease
  7. Police arrest farmer
  8. Closed session
  9. Siwan is king!
  10. Brace for serious impact as dry spell continues

Top Stories this Week

  1. Fall crowned queen Sunday (23 Aug)
  2. Birth by the river Tuesday (25 Aug)
  3. Sayed-Khaiyum responds to Karavaki warning Thursday (27 Aug)
  4. Guns in town Thursday (27 Aug)
  5. Deadly impact Saturday (22 Aug)
  6. Making the cut Monday (24 Aug)
  7. Military, police beef up manpower Tuesday (25 Aug)
  8. PM turns down Ratu Naiqama request Thursday (27 Aug)
  9. John quits 7s job Tuesday (25 Aug)
  10. Soldiers patrol town prior to sedition case Wednesday (26 Aug)