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RESIGN, Sitiveni Rabuka's Finance Minister BIMAN PRASAD. He was not under investigation. FICAC was going to charge Prasad on 5 September. He and his wife didn't disclose they owned 4 Villa Units worth $600,000

2/10/2024

 

*For the attention of Prime Minister Sitiveni Rabuka, Deputy Prime Minister Manoa Kamikamica, Attorney-General Graham Leung, Justice Minister Siromi Turaga, and NFP's Pio Tikoduadua, and Fijians of all races living under the financial diktat of Fiji's Finance Minister, Deputy Prime Minister BIMAN CHAND PRASAD. 

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*We will reveal in detail how the couple's Burerua St property transaction with Lotus Construction (Fiji) Ltd, in which Biman Prasad is a 50% shareholder, potentially robbed FRCA of Capital Gains Tax of $125,000.

*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 from13 August 2018 (rent of $320 per annum).
*We will reveal in detail how the couple's Burerua St property transaction potentially robbed FRCA of Capital Gains Tax of $125,000.
*Sitiveni Rabuka's Finance Minister and NFP leader Biman Prasad is also line manager of FRCA.

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BIMAN PRASAD bought 2 units off-the-plan from Sunil Chand for $300,000 on 12 March 2014, a few months before he became NFP leader. He never declared the two units from 2014-2024. Neither did he declare his spousal's two units worth $300,000. He must be charged by FICAC and be referred to the Director of Criminal Investigations. 

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Just look closely. Prasad was still Professor of Economics at USP:
[email protected]

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One AMITESH KARAN, Manager, Asset Finance at HFC, was WITNESS

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*As we revealed previously, the Burerua property was sold for $550,000 in exchange for Lotus (Fiji) to clear the couple's bank loan, pay their Capital Gains Tax, and for Rajni Chand to get 2 units in Westfield Villas, Legalega, Nadi.
*Worst, Biman Prasad never declared that Rajni Chand owned two villas worth $300,000 or that she jointly owned the Burerua St property.
*We have increasingly come to the conclusion that Rajni Kaushal Chand is not an innocent 'house wife' who was NOT aware that for ten years her husband lied in his declarations (2014-2024) regarding her ownership of their properties, shares etc

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