*The NFP leader, and until lately the Deputy Prime Minister and Finance Minister, Biman Prasad, didn't declare in his 2022 mandatory statutory declaration that a piece of land he bought for $60,000 in 2007 in Rakiraki from FDB belonging to Shanti Devi, a widow of Mohan, he gifted it to his NZ based son Mayuresh Bhan Prasad in 2021 for a nominal sum of $100, citing "for natural love and affection". | "This is a historical convention for the National Federation Party before the 2018 General Election. It is in this town of Rakiraki that the NFP was born under a mango tree and later formalised and launched in Nadi." |
- Instrument No: 605959
- Transferor (Seller): Fiji Development Bank (FDB), a statutory body corporate under the Fiji Development Bank Act (Cap. 214), headquartered at 360 Victoria Parade, Suva.
- Registered Proprietor (Previous Owner/Mortgagor): Shanti Devi (widow of Mohan) of Rakiraki, Fiji.
- Transferee (Purchaser): Biman Chand (PhD) of 152 Sekoula Road, Laucala Beach Estate, Nasinu.
Land Description:
- Title No.: CT 36435
- Lot 2 on DP 7602 (Part of Waikaum & Cakova)
- Province/Island: Viti Levu
- District/Town: Rakiraki
- Area: 10.3883 hectares
- Sale Agreement Date: 5 September 2006
- Transfer Date: Executed 10 April 2007
- Registration Date: 27 April 2007 at 1:50 p.m.
- Consideration (Sale Price): $60,000.00
This was not a voluntary sale by the registered owner Shanti Devi.
It was a forced sale conducted by the Fiji Development Bank (FDB), exercising its statutory “power of sale” as mortgagee under a mortgage registered on 29 November 2005 (Notification No. 577079).
Under Fiji's property law and the Land Transfer Act, when a borrower (mortgagor) defaults on their loan, the mortgagee (in this case, FDB) is entitled, after due notice and compliance with statutory requirements, to sell the mortgaged property to recover the outstanding debt.
Why FDB Sold Shanti Devi's Land
FDB sold the land in exercise of its power of sale because the mortgagor, Shanti Devi, had defaulted on her loan obligations secured by the land.
This is explicitly stated in the document’s heading: “TRANSFER BY MORTGAGEE IN EXERCISE OF POWER OF SALE.”
FDB’s sale was to recover the unpaid loan amount or part thereof. Upon default, the bank was legally entitled to:
- Take possession of the property;
- Sell it (by private treaty or public auction); and
- Apply the proceeds toward the outstanding mortgage debt, interest, and costs.
The bank’s seal and officers’ signatures (Executive Manager, Asset Management Unit and Senior Manager, Legal Services) confirm that this was a bank-initiated recovery sale.
Legal Effect of the Transfer
By operation of law:
- FDB’s exercise of the power of sale extinguished the mortgagor’s interest (Shanti Devi’s ownership) in the property.
- The purchaser (Biman Chand, PhD) obtained good title free of prior encumbrances, as long as FDB complied with the mortgage and statutory requirements.
- The Registrar of Titles formally registered the transfer on 27 April 2007, completing the change of ownership.
On 12 January 2021, Biman Prasad transferred his plot of land to his NZ based son for a nominal consideration of $100, and it was formally registered on 4 February 2021
12 January 2021: So, Mayuresh Bhan Prasad Just Happened To Be Living with Biman Prasad and wife Rajni Khausal Chand at 152 Sekoula Rd, Laucala Beach, Suva, on Rakiraki Land Transfer Day.
*We ask FICAC and Fiji Police and FRCA to investigate whether false information was knowingly provided during the transfer of Rakiraki land from the NFP leader and now former Finance Minister Biman Prasad to his son, Mayuresh Bhan Prasad, on 12 January 2021, specially concerning Mayuresh Bhan Prasad's claimed residence at 152 Sekoula Rd, Laucala Beach, Suva.
| BACKGROUND and CHRONOLOGY: Ownership history Between 2014 and 2020, Biman Chand Prasad declared ownership of a parcel of land in Rakiraki, identifying it by its Certificate of Title number (36435) in consecutive public asset declarations. This demonstrates his consistent knowledge of the land and its legal particulars. Transfer to his son, Mayuresh Bhan Prasad Records indicate that on 4 February 2021, the land was transferred to his son, Mayuresh Bhan Prasad. The transfer documentation lists Mayuresh’s residential address as: “152 Sekoula Road, Suva.” Publicly available evidence suggesting possible falsity Independent evidence, Linkedin employment profile, including a published Otago Daily Times (New Zealand) record, confirms that Mayuresh Bhan Prasad obtained New Zealand citizenship in 2008. |
- long-standing residence in New Zealand;
- no known occupation or residence at 152 Sekoula Road during the relevant period;
- possible physical absence from Fiji around the transfer date.
This creates reasonable grounds to suspect that the residential particulars recorded in the land-transfer instrument may have been inaccurate or misleading.
Grounds For Reasonable Suspicion
This complaint is not asserting wrongdoing as fact.
It asserts that reasonable suspicion exists, because the following appear inconsistent:
Citizenship and residence
A person who has been a New Zealand citizen since 2008 is unlikely, absent contrary evidence, to have been residing at a family address in Suva on 12 January 2021.
Immigration and travel records
If immigration logs reveal the transferee was not present in Fiji on or near the transfer date, the address listed would be materially false.
Utility and public-record indicators
Residency can be verified or disproven through:
- EFL and Water Authority billing records,
- FRCS/TIN address records,
- Voter registration records,
- Tenancy or electoral listings.
Residential details are required to ensure:
- Identity accuracy,
- Compliance with land-registration rules,
- Compliance with anti-money-laundering (AML/KYC) laws,
- Proper tax treatment of transfers.
Possible Offences (For FICAC Assessment)
(All listed as possible offences only, not asserted as proven.)
Crimes Act 2009
- Section 201: False or misleading information to a public official
- Section 256–257: Use of false documents / uttering a false document
- Section 325: Obtaining a financial or property advantage by deception
- Section 334–340: General fraud and deception offences
- Section 66: Aiding, abetting, or conspiring to commit an offence
FICAC Act
- Providing false information to a public body
- Abuse of office (if a public officer participated)
- Supplying false particulars in a transfer instrument
- Any offence under the Registration of Titles Act relating to fraudulent registration
AML/KYC rules
- Providing false identification details for a transaction involving real property
This list is not exhaustive; it outlines the statutory basis for FICAC jurisdiction.
Why The Matter Merits Formal Investigation
- The case involves a public official (the grantor) and his immediate family member.
- The information relates to a registered land transfer, a process requiring strict truthfulness.
- The suspected false information concerns a simple, binary fact: whether the transferee resided at 152 Sekoula Road in early 2021.
- Verification is straightforward and documentary.
Request for Action to Fiji Police Force and FICAC
- Open a formal investigation into whether false information was provided in this land transfer.
Conclusion:
This complaint does not allege guilt.
It asserts that reasonable grounds exist to suspect that false information was provided in the course of an official land transfer, and that the matter falls within FICAC’s jurisdiction for investigation.
In his 2021 and 2022 statutory declarations, Biman Chand Prasad didn't declare that he had disposed of the Rakiraki land to his son.
He also failed to declare that he had gifted Shanti Devi's former family land to his son, who by all accounts, has been living and working in New Zealand.






