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FIJI DEVELOPMENT BANK and FIJIFIRST PARTY: Three FDB Directors along with three other directors were paid $114,134 in Directors Fees in 2019. And yet the THREE FDB Directors donated $90,000 to FijiFirst Party

21/10/2020

2 Comments

 
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THE THREE are Wella [Vadivelu] Pillay, Rajesh Patel, and Romit Meghji.
Pillay donated $40,000 to FFP. On 20 June 2014, he donated $10,000. On 12 March 2015, he donated $10,000. Two years later, on 18 April 2017, he donated another $10,000. On 15 August 2019, $10,000. Total:$40,000. Twice, he donated as Wella Pillay and the other two under Vadivelu Pillay
RAJESH K PATEL also donated a total of $40,000 to FFP. On 4 July 2014, he made a donation of $10,000. A year later, on 22 October 2015, he gave another $10,000. On 13 December 2016, his $10,000 donation was received by Shailesh Kumar on behlaf of FFP. On 26 January 2018, Rajesh Patel donated another $10,000.
ROMIT MEGHJI: WE couldn't find him in our database under Meghji but eventually we found him under Parshottam. On 14 June 2017, he donated $10,000 to FijiFirst Party. We will be disclosing these three individuals family donations later on.
In the FDB Annual Report 2019, the bank stated that loans amounting to $2,734,885 (2018:$1,786,651) were advanced to 'a company where a director has a related party interest'. The annual Report said the $2,734,885 in loans were 'provided under normal terms and conditions'.
Fijileaks understands the director mentioned is RAJESH PATEL, who has shares in the company that obtained a loan of more than $2.73million.

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CHICKENS COME HOME TO ROOST: In the FDB Profile, RAJESH PATEL is mentioned also as the Director of Nando's Fiji. But having borrowed millions to invest in the Nando's franchise, it was forced to shut down following a visit by Nando's overseas director

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Fiji@50: Rajesh Patel with his Independence Commermorative Medal

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2 Comments
JOSEPH MCKINNON
22/10/2020 01:15:05 am

Vella Pillay came out of no where to suddenly become a leading beneficiary of the regime. The highest level of business experience he had was as a junior bank clerk.

During his entire life in NZ , he never had a full time job. Lived driving taxi on part time basis.

Today through his donations , he has bought his way into FDB , without any relevant skills, knowledge or experience. He has never declared his conflict of interest,

Today he is into land development. logging, transportation and holds very substantial contracts for Wairiki and Fiji Pine.His operations include Bua where the Itaukei owners of the Timber and chips have been denied the contracts. He is also known to have barge, big fleet of trucks and other associated equipments.



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Bahuki
22/10/2020 06:56:56 am

Rajesh Patel as FDB director? No wonder Fiji Soccer is going nowhere with him in charge.

I bet he's never played or coached in association football before in his life. If FFA had former players in charge, Fiji soccer wouldn't be in the gutter.

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