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BIMANGATE and Taxman: Prasad holds 50% shares in Lotus (Fiji), is co-Director. Claimed in declarations he receives NO Dividends. His business partner in his tax returns claims he gets 'Directors Fees'. 2016: $20,000

17/5/2025

 
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Sunil Chand
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A Tale of Two Lotus Directors Fees 
In closing Biman Prasad's 'Ficac File', Barbara Malimali and her side-kick Lisiate Fotofili stated
(24 April 2025):

"In relation to Lotus Construction and Lotus Tours and Travel; the form requires that declarants are to declare any dividends received and directorships. Honourable Dr. Prasad declared his shares in two companies, the value of one company and the loan obtained from the bank. Honourable Dr. Prasad also declared that he did not receive any dividends. So, whilst the Honourable Dr. Prasad declared his shares, no income in the form of dividends were received from the companies."
*First, Prasad was facing charges under the Political Parties Act 2013 for failing to declare in 2014 and subsequently that he was one of two DIRECTORS of Lotus Construction (Fiji) Ltd. We provided all the documents to FICAC before Malimali was parachuted in on 4 September 2024 and put a stop to charging Prasad, and later, on 25 April 2025, closed Biman Prasad's file on highly dubious and spurious grounds.

*In the course of our investigations, we found that Prasad's cousin and co-director Sunil Chand informed the Fiji Revenue and Customs Service as far back as 2016 (two years after Biman Chand and Sunil Chand had founded Lotus Fiji) that he was in receipt of a Directors Fees to the tune of $20,000. In that year, Prasad held 5% shares in the company. There is no evidence in Prasad's 2014/2015 declarations whether the shares were a GIFT or he purchased his shares. 
*If those shares were a GIFT, Prasad should have declared it under the Political Parties Act 2013. Worst, he did not declare that he was one of two DIRECTORS of Lotus (Fiji), a failure for which he was facing charges and was to be presented before a court on 5 September 2024.
​*We also established from documents on us that as recently as 24 November 2023, the accountant for Lotus (Fiji) declared the following:
'Confirmation of Earnings Mr Sunil Chand: This is to certify that Mr Sunil Chand is a Director of Lotus Construction (Fiji) Pte Ltd. He earns a Directors Fees from the company as part of his engagement'.
*We call on Fiji Police to execute a search warrant and uplift Fiji's Finance Minister and the FRCS line manager Biman Prasad's tax returns from 2014-2025 to establish if he is being paid a Directors Fees, and if so, whether he has been lying in his statutory declarations that he has been receiving NO Dividends from Lotus Construction (Fiji) Ltd.
​*We wrote to the Lotus (Fiji) accountant on 2 May 2025 but we received no response from him.

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*Meanwhile, the confirmation letter that his co-director receives fees

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*In his 2014 statutory declaration Biman Prasad failed to disclose that he was one of two directors in the Lotus Construction (Fiji) Ltd. He continued to hide his directorship until he became Coalition's Finance Minister in 2022. He was facing 10 charges when Malmali closed his 'Ficac File'.

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Fijileaks: JOYTIKA JATTAN was among candidates who applied for the position of FICAC Commissioner that went to Barbara Malimali in 2024

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With FRCS CEO Udit Singh
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*BIMAN PARASAD did not disclose in his statutory declarations that he was one of two directors (the other his cousin SUNIL CHAND) of Lotus Construction (Fiji) Ltd, and that he had been gifted 5% shares in the company on 15 March 2014. He was still Professor of Economics at the University of the South Pacific.
*He prolifically lied in his statutory declarations for the next ten years until he became Finance Minister in the Coalition government. 

*Prasad had called Chaudhry a crook for not declaring $2 million being kept in Australia.

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*As we close in on another Finance Minister and FRCA line-manager BIMAN PRASAD, he must be aware of our Founding Editor-in-Chief's role in the conviction of FLP leader and Bainimarama's Interim Finance Minister Mahendra Pal Chaudhry. In fact, Biman Prasad has been reminding Chaudhry of the $2million in the Sydney bank account that our founding Editor-in-Chief had revealed in the Fiji Sun in 2008.

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Fijileaks Founding Editor-in-Chief: In April 2014, Chaudhry was convicted in the Fiji High Court, six years after I had revealed the FLP leader's $2million in his Sydney bank account.
*Now, it turns out, that a month before Chaudhry's conviction in April 2014, NFP leader Biman Prasad had embarked on lies and falsehoods in his statutory declarations regarding his connection with Lotus Construction (Fiji) Ltd. He began his lies in 2014 and even got elected under the d'Hondt electoral system as NFP MP and leader in Parliament.
*We once again call on the Prime Minister Sitiveni Rabuka to ask Prasad to resign as Finance Minister and Deputy Prime Minister, irrespective of the findings of the Commission of Inquiry on Biman Prasad.
​*He is a fugitive from law because of FICAC's Barbara Malimali.
​*We will reveal how his legal team tried to claim that the charges against Prasad were baseless but FICAC shot it down and wanted him charged.

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