Fiji Times Logo

Fiji Time: 9:38 AM on Saturday 23 August

/ 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.

Today's Most Read Stories

  1. 2 die in highway accident
  2. It was not us, says headman
  3. Family assured of justice
  4. A-G in, Urai out
  5. 14 years in jail for rape
  6. Draw D-day
  7. Criminal inquiry
  8. 58pc in favour of a secular state
  9. Pastor reaches out to parents
  10. Attack on 3 buses

Top Stories this Week

  1. The murder which shocked the nation Tuesday (19 Aug)
  2. Dad's cry for justice Friday (22 Aug)
  3. Bag full of cash Monday (18 Aug)
  4. 12 go out Wednesday (20 Aug)
  5. Why the GCC Monday (18 Aug)
  6. Inquiry into video Wednesday (20 Aug)
  7. State audit Tuesday (19 Aug)
  8. Chaudhry files 42 nominations for election Tuesday (19 Aug)
  9. Robbery suspect dies in hospital Thursday (21 Aug)
  10. Love, a new revelation Thursday (21 Aug)