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FLEECING THE VULNERABLE! Fiji Public Trustee Office is "Swindling the Widows and Orphans"; Two-year long Fijileaks probe to be published

16/1/2017

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From Coupfourpointfive archive, 20 September 2011:

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http://www.coupfourandahalf.com/2011/09/shareholders-letter-accuse-cameron-of.html
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By VICTOR LAL, 22 September 2011
The man appointed by Cameron to run Merchant Finance [MF] has, however, been moved on by the regime. Greg Cathcart has 'resigned' according to a statement from FHL.

Cathcart's appointment is one of several decisions that have led to Ngamoki-Cameron being investigated.
Other allegations that have surfaced include claims:
1) He requested management to customize the official appointment letter to himself with new clauses without Board's approval;
2) He verified unilateral appointment to several subsidiaries as Chair without consent and consensus of other Directors;
3) He did not consult other Directors nor did he give them adequate opportunities to be part of subsidiary Boards;
4) He wilfully obstructed payments which are contractually due to other Directors, namely Mr. Lutu for insurance;
5) He facilitated a friend to conduct an internal examination of MF at company cost;
6) He applied undue pressure at the HRM, Management and Directors, to recruit that consultant as the GM for Merchant Finance even when the consultant has not applied for the position;
7) He did not follow the process even after being reminded by the HRM and acting GM-MF;
8) He penalized acting GM-MF for highlighting the wrong process;
9) He acted against the agreed majority decision at interview panel at the interview of GM-MF;
10) The Board of MF was not consulted in the appointment of the new GM and not allowed to facilitate setting discretion of authorities limits, KPI;
11) He incurred capital expenditure without due board approval process.
The unauthorized expenditure were for:
(i) Apple notebook which was not compatible with FHL system. No quotes were called for and was purchased in Auckland and demanded reimbursements for;
(ii) Purchase of a second notebook, IPAD from a friend GM-MF and requested reimbursement from FHL;
(iii) Purchase of a wireless printer from FHL funds.
12) He incurred unauthorized expenses such as phone bill, subscriptions course fees;
13) He used FHL office for private work including use of office phone, board room for meeting with private clients;
14) He selected management staff to report directly to him;
15) He communicated directly with staff and suppliers without following proper process;
16) He willfully delayed to review expired staff contracts (7 middle managers);
17) He selectively invited shareholders to a part(y) at Suva Yacht Club using company funds - Directors and Management were not invited;
18) He had no justified reason for a quick travel to PNG at an exorbitant cost without prior Board approval. During this travel he incurred a cost of 14K to travel back to attend a private Fiji NZ business council meeting;
19) He was accompanied by newly appointed GM and MF;
20) He approved the sponsorship of FRU without prior board's approval;
21) He used external consultations/friends for BLC and PR consultant for FHL without Board's approval; and
22) He made unilateral decisions without giving due respect to other Board members.

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