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Mysterious  'LOTUS' finally 'bloomed open' in 2024 when Biman Prasad revealed in his 2024 declaration that he holds 50% shares in Lotus Fiji Construction with Sunil Chand, and two borrowed over $1m from ANZ

13/8/2024

 
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*The Lotus Construction (Australia) is owned by one Sunil Chand.
​*Under the Political Parties Act, Biman Prasad should have declared to the Supervisor of Elections, although he has no shares in 'Lotus Australia', that Lotus Construction (Fiji) Pte Ltd's co-shareholder Sunil Chand 'is the owner of Lotus Construction, Australia'.
*In 2014, it became mandatory to declare assets, incomes and shares under the Political Parties Act.
*Lotus Construction (Fiji) Pte Ltd was registered in Fiji on 20 March 2014, with Biman holding 5 shares and Sunil 95 shares). In his 28 July 2014 declaration, Biman merely stated 'Shares in Business' - 85,000

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*2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024

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In the 2018 Declaration, Biman doesn't state which Lotus Construction he is a Director - Lotus Construction (Fiji) or Lotus Construction (Australia).
​But in the 2019 Declaration, he is again vague about the share identity.

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*The business partnership was witnessed by Biman Prasad's nephew Krishil Kumar, then at HFC Bank, Suva

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In or around 2018, the shares were apportioned 50/50.

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