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Assets on display

Nasik Swami
Saturday, July 05, 2014

PRIME Minister and leader of the FijiFirst party Rear Admiral (Ret) Voreqe Bainimarama earns an income of $278,750.

This was revealed in the party's declaration of assets and liabilities made public by the registrar of political parties, Mohammed Saneem yesterday.

According to the declaration of assets and liabilities, Rear Admiral (Ret) Bainimarama gets $230,000 in salary, a $20,000 entertainment allowance and other allowances totaling $28,750.

Apart from his salary, the listed assets of the Prime Minister and his wife Mary include a Hyundai Tucson valued at $30,000 and a property in Nadi valued at $25,000.

Rear Admiral (Ret) Bainimarama has three accounts with Bank of South Pacific where one account has $51,207.31, $101,968.70 in his cheque account and $104,815.20 in his term deposit account.

His other assets include Mataivalu savings of $26,042.36 and Unit Trust, $14,443.91.

Rear Admiral (Ret) Bainimarama also has two loan accounts with BSP, which have a total value of $301,772. The total value of his net assets stand at $15,704.60.

The declaration by Attorney-General and party general secretary Aiyaz Sayed-Khaiyum and his wife Adi Ela shows that the Attorney-General sits on an annual salary of $185,000.

The listed assets of Mr Sayed-Khaiyum and his wife include a property worth $500,000 along Vunakece Rd in Namandi Heights.

The two have another property owned through Midlife Investments Limited in Nadi worth $80,000.

Separately, they have three bank accounts which have a total of $16,940.58 in them.

Their total assets amount to $596, 940.56 and liabilities to $470,005.23.

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