"Regarding his interest in Lotus Construction and Lotus Tours and Travel, Dr. Prasad had declared his shareholding and confirmed no dividends were received, which met the requirements under the Act.”- Malimali
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COMING SOON: How controversial Ficac Commissioner Barbara Malimali, while closing Prasad's FICAC FILE, ignored Fijileaks complaints against NFP leader and Fiji's Finance Minister Prasad and focused solely on the complaints filed against Prasad by Sydney based resident Ms Alex Forwood, who had filed her complaints in February 2024.
*We had filed our complaints with documents in August/September 2024.
*According to the then acting Deputy Ficac Commissioner Francis Puleiwai (30 August 2024) to Fijileaks Founding Editor-in-Chief, Ficac was conducting two separate but connected investigations into complaints against BIMAN PRASAD and his statutory declarations from 2014-2024
LOTUSGATE, 19 September 2024: 'That this consent relates to the renewal of proposed four (4) storey residential apartments on Lot 14 DO2705 Burerua and Naiyala Street, Raiwaqa, Suva.'
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"To support CONSTRUCTION and bring down building costs, the fiscal duty on PREFABRICATED buildings will reduce from 32 percent to 5 (FIVE) percent while Fiscal Duty on STEEL structures or articles of iron will be maintained at 5 per cent." 15 March 2014. Biman Chand Prasad is co-director in Lotus Construction (Fiji) Ltd. He did NOT declare his Directorship in his 2014 Statutory Declaration under the Political Parties Act 2013. He continued his subsequent lies from 2014 to 2024
AN: The initial AN circled in blue is that of architect Adish Naidu, a FNPF Board Member
Architect Adish Naidu has been appointed to the Fiji National Provident Fund Board, in accordance with Section 7 of the FNPF Act.
Mr. Naidu brings with him more than 35 years of experience, having worked on various projects locally and abroad as an architect and project manager. Mr Naidu’s experience in building and architectural products would contribute immensely to the FNPF’s growing investment portfolio, particularly through our asset management and projects.
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*A forensic investigation into the 'Burerua Property' wielded multiple breaches committed by Biman Prasad in his Statutory Declarations
*From Fijileaks Archives
*Worst, Biman Prasad never declared in his statutory declaration that Rajni Chand owned two villas worth $300,000 or that she jointly owned the Burerua St property.
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RAZED TO THE GROUND: Burerua St property demolished in preparation of building 14 units by Biman Prasad and Lotus Construction (Fiji) Ltd
*On 12 March 2014, Biman Prasad bought two villa units off-the-plan from his cousin Sunil Chand worth $300,000 ($150,000 each). Three days later, on 15 March 2014, the two formed Lotus Construction (Fiji) Ltd to build 28 units (Westfield Villas) in Nadi. Prasad never contributed a single (CENT or DOLLAR) but was made a 50% shareholder in Lotus (Fiji) Ltd.
*In 2016, Prasad and his wife Rajni Kaushal Chand sold their Burerua St property to Lotus (Fiji) for merely $550,000. He never disclosed in his statutory declarations that his wife was joint owner of the Burerua St property.
*The couple transferred the property on 19 January 2016 with a reported market value (on 9 July 2015, some 7 months before the transfer) of $2,815,000 (end value) for declared value of $550,000.
*In return, Lotus (Fiji) paid Prasad's CGT and other debts, including his ANZ bank loan.
*Further, Sunil Chand gave Prasad's wife 2 Units worth $300,000 in Westfield Villas. Also, Rajni Chand was granted a lease for the term of 99 years plus of Westfield Villas, effective from 13 August 2018 (rent of $320 per annum).
