Fiji Time: 1:26 PM on Friday 24 February

Fiji Times Logo

/ Front page / News

Provincial council wants audit

Luke Rawalai
Saturday, May 24, 2014

THE Bua Provincial Council has agreed to the auditing the accounts of the Bua Provincial Investment Company, which has just completed its eighth month of operations.

This follows the presentation of the company's financial report during the council meeting on Wednesday.

Speaking at the meeting, company representative Jo Tuinaosara said the company would need an extra $80,000 apart from the original funding it was given to start the provincial investment. Mr Tuinaosara told the council it was an investment and like any other business deal, there were risks to consider.

He told the council the majority of the money from the initial funding was used on the company's gravel extraction licence initiative, including other business dealing that its sister company — the Bua Provincial Investment Limited — undertook.

Responding to the report, Tui Wainunu Ratu Orisi Baleitavea said none of the financial statements submitted to the council were genuine and that an audit needed to be done on the expenses incurred by the company.

Ratu Orisi said it was appropriate for an audit to be carried out to ensure the money was not used negligently.

The council has ordered that an audit be conducted.

Council chairman Alipate Radrodro had earlier told the council the Ministry of iTaukei Affairs was also asking for an audit of the company accounts.








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 0.64440.6254
JPY 55.991852.9918
GBP 0.39020.3822
EUR 0.46380.4518
NZD 0.68630.6533
AUD 0.63990.6149
USD 0.49320.4762

from

$0.00

Exchange Rate updated on 24th February, 2017

Today's Most Read Stories

  1. Players sign 7s contract
  2. Teachers charged
  3. Climate diplomacy talk begin small
  4. $1500 disappointment
  5. FLP defers choice
  6. Help for victim, 86
  7. Solar system for school
  8. FLOTSAM AND JETSAM tomorrow
  9. State takes public service to district
  10. LCPA says North farmers not frustrated

Top Stories this Week

  1. Villagers burn objects used for 'witchcraft' at village cleansing Saturday (18 Feb)
  2. Man dies in custody Saturday (18 Feb)
  3. Family given son's post mortem exam results Monday (20 Feb)
  4. 2 dead in 48 hours Wednesday (22 Feb)
  5. Qoro resigns as exchange boss Tuesday (21 Feb)
  6. A lifetime try as Jasa weds sweetheart Saturday (18 Feb)
  7. $95,000 payout Monday (20 Feb)
  8. No more sleeping in car Saturday (18 Feb)
  9. $30,000 richer Thursday (23 Feb)
  10. Day of fate Monday (20 Feb)