Fijileaks: The major sponsors are linked to the Government - Reserve Bank of Fiji and Telecom.
*Other major sponsors are controlled by the Government and Prasad's Finance Ministry are the HFC Bank (Unit Trust of Fiji has 25% share in HFC) and FNFP has major stake in ATH Ltd which owns Telecom Fiji.
*In other words, the sponsors are mostly controlled entities of the Finance Ministry. Its like State funds.
*No wonder Biman Prasad was very reluctant to reveal the identities of the sponsors before the SUMMIT.
*The FNFP, Telecom Fiji, HFC Bank are employee owned. As pointed out, Unit Trust owns 25% of HFC and FNFP 75%. Telecom's majority shares are owned by ATH/FNPF.
*The Investors money in ATH and Unit Trust of Fiji are mostly pensioners investments.
*The sponsor Reserve Bank could have paid its sponsorship money to State as dividends.
*Basically, the same Cash Cow used by Aiyaz Khaiyum for his grand meetings and conventions.
*Fiji Care is owned by Fijifirst donor AVI RAJU.
*Venu Shipping is a small island shipping company doing PAFCO logistics from Levuka factory.
Welcome to Fiji's new Robin Hood Finance Minister in Prasad, one of the 500 so-called and touted 'BRILLIANT MINDS' at the Economic Summit
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