Fiji Time: 2:05 AM on Friday 30 June

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 0.64290.6239
JPY 55.959552.9595
GBP 0.38000.3720
EUR 0.43310.4211
NZD 0.68130.6483
AUD 0.64830.6233
USD 0.49490.4779

from

$0.00

Exchange Rate updated on 29th, June, 2017

Today's Most Read Stories

  1. He's the man
  2. Mother 'ignored' rape claim
  3. PM: Native land politicised
  4. 2017-2018 Budget: Budget address this hour
  5. Parties reject action
  6. 438 without birth certificates
  7. President urges public to register
  8. FLOTSAM AND JETSAM
  9. 2017-2018 Budget: Kumar wants people budget
  10. Spotlight on suicide and depression

Top Stories this Week

  1. Pilot's gift to her dad Wednesday (28 Jun)
  2. Cokanauto guilty Monday (26 Jun)
  3. Kolinisau's plan Sunday (25 Jun)
  4. Ryan option Monday (26 Jun)
  5. 20 years for Cokanauto Tuesday (27 Jun)
  6. Skipper selection Sunday (25 Jun)
  7. Umarji walks free Friday (23 Jun)
  8. Don't fear Monday (26 Jun)
  9. Team commended Monday (26 Jun)
  10. Trading rugby boots for boxing gloves Sunday (25 Jun)