CREDIT DATA DESTROYED: Aiyaz Khaiyum wipes out bad credit history of Government MPs, Ministers,FFP supporters by abolishing Data Bureau

28/4/2016

26 Comments

"Banks have already been contacted by borrowers in arrears stating that if there is no Data Bureau, they see no need to pay back their loans." - Kevin McCarthy, Chairman, the Association Of Banks

Khaiyum himself was on the verge of being declared bankrupt by ANZ Bank but he jumped on the coup gravy train to become Interim Attorney-General; Lest we forget, for several months ROC, on his orders, was hiding his Midlife Investment Ltd file from Fijileaks, for he had bought the land through his Latifa Investment Ltd from his now FFP Minister Faiyaz Koya. Sadly, what SODELPA only wants is the re-reinstatement of the GCC, many of whose members had used their chiefly influential positions to borrow thousands of dollars from the NBF until it collapsed from the weight of unpaid debts. Worst, just read the stupid comments of the Consumer Council of Fiji CEO Mrs Premila Kumar : “After years of lobbying, finally consumers have won. It is a joyous moment for consumers to start afresh. This means now they can access loan or buy goods on credit without being subjected to embarrassment and inconvenience.” - The Data Bureau should reveal ALL the names of those on the list, and let the 47 complainers to CCF clear their names, to prove that they had paid off their loans.
IF YOU KNOW SOMEONE OR A COMPANY THAT WAS ON THE DATA BUREAU'S ADVERSE CREDIT LIST CONTACT US:
[email protected]

The Data Bureau's List of Members included the Fiji Muslim League, iTAUKEI AFFAIRS BOARD, iTAUKEI AFFAIRS SCHOLARSHIP UNIT, iTAUKEI LAND TRUST BOARD, etc, etc, etc. See full list in pdf form

CAN MINISTER FAIYAZ KOYA confirm or deny he was on the DB's List?

Association Of Banks express disappointment over passage of Fair Reporting of Credit Act

By Vijay Narayan and Semi Turaga
Fijivillage News
28/04/2016

The Association Of Banks In Fiji has expressed their disappointment in regard to the passage of the Fair Reporting of Credit Act through parliament yesterday afternoon.

Chairman Kevin McCarthy said the act has been passed with zero consultation with any of the stakeholders.
He said this includes the Data Bureau, commercial banks, finance companies, hire purchase and credit providers.

McCarthy said there appears to be no consultation with the proposed regulator, Reserve Bank of Fiji.

He said the inability now to be able to search a person’s credit history will greatly increase the risk levels within the personal lending market.

The Association of Banks said lenders will have little option but to increase interest rates to compensate for the increased risk.

McCarthy said banks have already been contacted by borrowers in arrears stating that if there is no Data Bureau, they see no need to pay back their loans.

He said the banks will have no option but to pursue legal action through to bankruptcy to enforce payment of these loans.

The Association of Banks also said that processing times for loan approvals will now increase as banks ask borrowers to provide evidence of having paid off loans in the past.

McCarthy said loans will be more difficult to obtain and interest rates higher, at this time when those affected by Cyclone Winston may be looking to borrow funds to rebuild.

Meanwhile the Consumer Council of Fiji has termed the passing of the Fair Reporting of Credit Bill as a win for all consumers who had been bullied by the Data Bureau.

CEO Premila Kumar said consumers can now start afresh and access loans or buy goods on credit without being subjected to embarrassment and inconvenience.

She said since 2008 they have received 47 complaints against the Data Bureau and it reflected the invasion of privacy, inaccurate information and even the listing of names for seven long years despite clearing the loan.

All credit history with the Data Bureau of Fiji will now be erased after the Fair Reporting of Credit Bill was passed by parliament.

The new law requires credit reporting agencies to obtain a license from the Reserve Bank of Fiji.

Credit reporting agencies will also be required to submit to the Reserve Bank an annual compliance report in addition to its audited financial statements.

Data which is currently with the Data Bureau will also need to be verified by the Reserve Bank.

Attorney General Aiyaz Sayed‑Khaiyum said there were a number of complaints about the Data Bureau for a couple of years and now it has been given a lot of significance in the wake of Cyclone Winston.

He said the business of credit reporting was previously carried out in Fiji without any legal framework.

Premila Kumar: 'The Consumer Council of Fiji welcomes the new law which will give the Fijian consumers whose names were listed on Data Bureau database, a clean slate with no credit history.'

Aiyaz Khaiyum in Parliament: “The point is, we need people to start off on a clean slate. Let’s give the ordinary Fijian a break. We want them to access credit.”

26 Comments

29/4/2016 12:07:21 am

This is such conflict of interest. Koya has a record on Data Bureau. he sat through the motion and did not declare his interest. So did others. This is bordering on fraud. How can Parliament become an agent of perpetuating fraud? This is no democracy. It is demoncracy. I am shocked and have lost all confidence in this Government that I and my family voted into power.

Bling!

29/4/2016 09:46:03 am

Now there, that's your 'bling' moment babu Ed.

Better Late Than Never!

What next?

29/4/2016 03:18:51 am

Was Aiyaz on the list of debt defaulters. If so than the new bill is self explanatory. Did his default and impending bankruptcy in 2007 get recorded at Data bureau? Does Field Marshall Vili have an answer to this important question ❓ Vili seemed to know that the Russian arms shipment were AK74 and not AK47 well before the public knew that, so Vili could very well be Inia Seruiratu, who sometimes looks like he is about to kiss the Aiyaz on parliament TV.

Vili

29/4/2016 10:23:51 am

F- #*-K Off... 'What Next' ....whoever you are.

Any fool would know that that Russia no longer uses the AK47, and that the AK74 is the more modern version.

You insult my intelligence by thinking that I am Inia Seruiratu!

Kakua ni viavia vuku tiko mai, sona levu!

No Swearing Vili!!

30/4/2016 05:41:56 am

Now field Marshall, there's no need to get indigenous. Speak that English that you normally do. Swearing in itaukei shows you up as a shallow thinker and generally a person of no consequence.
Are you on the bad debtor list? NBF bring back memories? Or maybe the Qarase's agriculture scam? Perhaps?
Are you a Fiji First voter? Given your constant worship of ffp, one would think you were an mp of FFP.
Went to a boys only school in your pubescent years?.That explains your character. Always angry and a wanna be. Like your demigods Voreqe and Aiyaz...also from boys only school. What was your school song? Let me guess... It has to be " NO WOMAN WE CRY,NOO WOMAN WE CRY!!

King Rat

30/4/2016 09:41:30 am

My only advice to 'What Next' in support of Vili's comment above is something my rugby coach at school used to drum into us:

"Play the ball, not the Man"

Vili

30/4/2016 01:00:04 pm

seti seti, carawai!

Do you know what that means?

Rajend Naidu

29/4/2016 08:30:27 am

Editor,
Political Elite Doing The Dirty
We read in Radio Free Europe Radio Liberty article ' Names of Russia's Elite Vanish From Public Property Records' 27/4 that billionaire, Kirill Shamalov who is widely reported to b Vladimir Putin's son-in-law, is one of a number of wealthy and influential Russians who seem to have had their names removed from property records
Kremlin foes, journalists and anti corruption activists in recen months have uncovered evidence that entries in the official federal real-estate database have been quietly edited, in some cases obscuring ownership of expensive properties thought to be controlled b members of Russia's political elite...
Yes the mob in power and their cronies know how to look after themselves and their interests. It's the kind of mob who only pay lip service to democratic accountability, transparency and public scrutiny..
They consider themselves exempt from such things.
Sincerely,
Rajend Naidu

Pita

29/4/2016 10:49:15 am

A system of government based on widespread theft, fraud and deception for the purpose of wealth accumulation for members of government and their cronies is known as a kleptocracy and that is what Fiji has become

Vili

29/4/2016 11:21:11 am

Obviously a personal opinion!

O sobo Pita, o tagi lagalaga waca tiko mai.

Fiji First Party

2/5/2016 07:04:22 pm

What else do we expect from a Government of the Party with a STOLEN name..?!

And ironically that fateful day was also 11th of November (2009) when this world's most pitiable IP Thief Aiyaz did his IP thuggery stealing the Party name of the Party which was formerly known as the 'Girmit Heritage Party".

We are all in favor of a 'Holiday' commemorating this pitiable act of thievery by Bainimarama and Aiyaz on the 11th of November of an Intellectual Property which belonged proudly to the Girmit Heritage Party.

Dekho

29/4/2016 11:34:20 am

Not surprising to find Faiyaz Koya feature in this kleptocratic enterprise. He has something of a family tradition to follow. ..

Kuru Tabanidalo

29/4/2016 02:22:00 pm

For this one, I'm going to salute kaiyum for stopping the bully by the data bureau. My family is one of the innocent victim of these stubborn assholes at data bureau. My wife bough a microwave from courts samabula and it was faulty from the first day. We called them next day to take their item back. They came after one months and several calls later. Last year, I applied for credit card and bank rejected saying I owe $562 to courts. From that day, another nightmare began. Called data bureau and they told to call courts and sort it. Called courts and person in charge is always out for meeting or on lunch. I'm really happy that Kaiyum has put these assholes back on earth. Vinaka government. I never thought that a day will come that I will salute this government but the day that this bill was passed, I saluted them like all hells broke. Very very very happy

Kuru Wrong

29/4/2016 03:13:33 pm

Kuru, there is nothing to celebrate.

From your story, it is clear that it was Courts who was not helping you - as Data Bureau rightly pointed out - you had to sort out with Courts, who would then should have informed DB to remove your name. Any Kuru coud go to DB and say I had paid or the equipment was faulty, and can you remove my name, please. No, if anyone who should be disbanded is COURTS and Consumer Council should have followed your complaint with Court.

Did you go to Consumer Council?

One swallow does not make a summer - 47 people can't force Khaiyum to wipe out the entire data - how many people were on the Data Bureau's list?

Its just an excuse for Khaiyum to wipe clean the slate of his chamchas.

You should be ashamed yourself, for cheering on the disbanding of the Data Bureau. In your case, it is clear it was Courts who was messing you up and it was for Premila Kumar to come hard on Courts and not Data Bureau, which only stores details provided by the lenders.

Sam

29/4/2016 08:11:54 pm

Courts is a real criminal. They have been ripping off their customers. Particularly since locals bought this company, the quality of goods they been supplying has fallen drastically. They charge customers outrageous interests. yet are so slow to repair, trying to get the goods out of warranty periods. Premila and consumer council know about this. She is no doing anything because she shows the courts owners finance Kai bai party. and Kai Bai will get upset with her if she raises these. We have become a very very corrupt society.

Dekho

29/4/2016 08:52:32 pm

And who is the Number 1 bully in Fiji? And you talking about him" stopping the bully"? No this is not about that. It's about Khaiyum protecting the interest of himself and his cronies . It is another case of abuse of power.

Pita

29/4/2016 09:30:56 pm

Like many others I have been listed with data bureau. I cleared my debt, took the receipt to the bank and together with my pay slip and my loan was approved.
Maybe Mr Breadfruit Tarostalk (literal translation for Kuru Tabanidalo)) just had a poor credit history. Mr Breadfruit Tarostalk AKA Vili should try other banks or if you can't afford to pay cash for a microwave teach your wife to be thrifty and lay-buy, alternatively you can go to the market and borrow from a money lender at 40% interest rates. I have been to a few local money lenders and I must say 80 to 90 per cent of their customers have been mpoluce and military personnel. Vili what is the problem with you guys up there in the camp?

Vili

1/5/2016 04:33:33 am

Like the 'Tarostalk'..but it should ne 'Taro Leaf'.

I served with her father who was our platoon commander in Lebanon. I was a rifleman with glorious rank of PRIVATE. Our Commanding Officer at the time was ambushed whilst of a trip to the Lebanese port city of Tyre. We had one man down and another shot in stomach.

'Taro Leaf' got us into a vehicle and we drove right into the ambush zone. I was with a six man group who assaulted the enemy positon from the left flank whilst 'TaroLeaf' and his men provided covering fire.

That is part of the story of Savenaca 'Taro Leaf' being awarded the Military Cross by the Queen.

Thought I should share for the benefit of doubters out there.

I retired from the Army with the rank of Sergeant, not Field Marshall as some of my detractors would have me. And no, I am not from Lau. I did go on to university. I still live in Fiji.

Rajend Naidu

29/4/2016 10:15:01 pm

Editor
A Symbol of Political Corruption
We read in ' Indian corruption building to be razed' ( BBC News 30/4) that the top court in the Indian city of Mumbai has ordered the demolition of an apartment building that has been at the centre of a corruption scandal.
It said the Adarsh Society building had become a " symbol of political corruption". The 31-storey building was originally planned as a 6-storey housing project for war widows.
But flats were sold to politicians and military officers, allegedly at prices far below the market rate.
The building,in an exclusive part of central Mumbai,also exceeds the maximum height for buildings near the coast. In January 2011, the federal environment ministry had ordered the demolition of the building saying it would set a precedent for cases involving violation of coastal protection laws.
On Friday the Bombay High Court ordered the demolition and directed the authorities to initiate criminal prosecution against politicians and officials involved in the corruption scandal.
Thank God for the integrity of the rule of law in India's democracy which has put a solid brake on the corrupt dealings of politicians, military officers and their cronies in this case. These parasites of society thought they could circumvent the laws of the land with impunity but the court has done its duty with due diligence to protect the public interest.
It's great when the checks and balances in a democracy work in the manner in which they were originally conceived to work.
Are ours working that way?
Not if the Fijileaks revelations are anything to go by.
Sincerely,
Rajend Naidu

Chiku

30/4/2016 12:03:00 am

Finance minister Aiyaz Sayed Khaiyum told Parliament that Fiji needed to develop a " culture of honesty" ( Fiji Times 30/4). Fiji most certainly needs that but can we count on leaders like Aiyaz Sayed Khaiyum, Frank Bainimarama , Francis Kean, Naipote, Parvin Bala, Mortein Sudhakar and the like to do that given their track record of lying and deceit?

Daniel Yaya

30/4/2016 02:13:02 am

Can someone please leak the list the names of people on the data bureau to Fiji leaks.

Let the whole of Fiji know who are on the list.

Those people like Kuru T who have been listed by no fault of their own should have a recourse to sue Data Bureau.

WHERE IS TRUE DEMOCRACY?AND...

30/4/2016 10:59:11 am

FAIR PLAY
Whatever lies, misdeeds, atrocities, false information’s etc.etc etc by this Government is covered under the immunity,FULLSTOP.

At least this bill should have also covered from here on wards that Government will also be penalized if they give wrong information to public.
Oh that’s covered in ‘Access to information’ that’s why there is so much delay on this bill, and when it will be passed of course the Government will always have some sort of upper hand .
SUFFER the Poor public in True Democracy in FIIIJEEE.

Tomasi

30/4/2016 02:18:05 pm

We can all see that Fiji is increasingly becoming a very legalistic society. Khai the lawmaker ( no longer Parliament's duty) will decide how and why we must live, by his decrees, laws and bills.

Let me spell it out clearly. Aiyaz Saiyad Khaiyum, by virtue of his position as Attorney General, has given himself absolute authority to decide how we the citizens of his new Fiji should live.

Mt fellow country men and women, let us wake up and smell the roses in the garden. Khaiyum, is now our lawmaker, king, and Chief Justice of the new Fiji. Just please pause and think about that for a moment.

Sam

30/4/2016 07:55:53 pm

Waking up in this new Fiji is most depressing. Each day, the thought of our democracy, however imperfect it was, being replaced by Khaiocracy and megalomanic rule, kills the enthusiasm and the will to continue doing the work we do. Even good sunny Sundays become miserable by these realisations. I have now more regularly started going to Sunday services to pray for the nation though I know that only prayers will not help.

Rajend Naidu

30/4/2016 09:14:05 pm

Editor,
Anti-People State Policy
We learn from Radio Free Europe article ' Kazakh Activists Detained Over Land Privatization Protests' that police detained about 10 activists on April 29, including well known journalists and rights defenders as they were preparing to stage a press conference and call for a public meeting about the government's decision to privatise large tracts of state owned agricultural land.
On April 28, police in Kazakhtan's western city Aqtau dispersed dozens of local residents who were protesting in the city centre against government plans to auction off public lands to private owners beginning July1.
Hundreds also rallied in the several other cities since April 24 against the Privatization .
Reminded me of the protest by public spirited Lautoka residents against the government's decision to " rezone" Shirley Park to benefit private developers.
Whose interest is a government meant to serve?
Sincerely,
Rajend Naidu

City

1/5/2016 04:10:17 am

Victor can you pls follow on with data bureau for the whole list ...I have reliably informed a number of current ministers names are there ...it will help us to not vote for these chors in 2018

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