Fiji Time: 10:54 AM on Monday 27 March

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 0.65130.6323
JPY 54.705951.7059
GBP 0.38890.3809
EUR 0.44950.4375
NZD 0.70040.6674
AUD 0.64260.6176
USD 0.48960.4726

from

$0.00

Exchange Rate updated on 27th, March, 2017

Today's Most Read Stories

  1. Explicit photos online
  2. Poll plays on the cards
  3. Woman ordered to take her dog for medical attention
  4. Family hopes to raise $60,000
  5. Pope receives TC Winston memento
  6. State told to improve work time
  7. Flotsam AND JETSAM
  8. Ministry approves budget
  9. WAF implements and enforces trade waste policy
  10. Wet weather leads to logging suspension

Top Stories this Week

  1. Shock after brutal attack Tuesday (21 Mar)
  2. Siblings perish Sunday (26 Mar)
  3. Students sent home Tuesday (21 Mar)
  4. Man rapes wife, jailed Tuesday (21 Mar)
  5. 7s star told don't reoffend Friday (24 Mar)
  6. Landowners demand $20m compensation from State Thursday (23 Mar)
  7. Concerns over explicit online pictures Tuesday (21 Mar)
  8. RKS retains Tailevu Zone title Wednesday (22 Mar)
  9. 'Sims' the star barber Sunday (26 Mar)
  10. QVS blue ribbon king to miss Coke Games Wednesday (22 Mar)