DOCUMENTS delivered to The Fiji Times suggest that interim Minister for Finance Mahendra Chaudhry transferred close to $1million from his personal bank account in Australia to investment firms in Australia in September 2002.
The documents also state that the first investment involved $380,000 withdrawn from the Commonwealth Bank on September 23, 2002 and deposited in account number 0700-0673-5908 on September 24.
The documents stated that after dividends ere re-invested in the account and the withdrawal of withholding tax, the account balance stood at $415,170.10.
This represented a return of $35,170 on the original investment.
In a separate account, the documents stated, Mr Chaudhry deposited $500,000 after drawing $469,000 from his Commonwealth Bank account on September 17.
However, after more than one year, the account showed a balance of $427,505.03 a difference of $72,494.97.
All interest on the account was re-invested after withholding tax was charged.
Mr Chaudhry, the documents stated further, transferred $96,000 from this investment fund to his personal account in two separate transactions in 2002. On October 23, 2002 he moved $46,000 from the investment account.
This appeared in his personal account at the Commonwealth Bank the next day.
On November 30, 2002, he withdrew $50,000 from the investment account and this appeared two days later in his Commonwealth Bank account.
Both amounts were withdrawn from the Commonwealth Bank within three days of being deposited.
It was also stated in the documents that tax officers tried unsuccessfully to establish the source of the original funds which were invested.
They are also not clear as to where the money was taken once it was withdrawn from the Commonwealth Bank.
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