FIJILEAKS: WHY DIDN'T THE REGIME DEMAND TENGY (ALLEGEDLY INVESTING $50MILLION IN FIJI) TO COUGH UP THE COMPENSATION BILL OF $315,000? Rumours abound of alleged kick-backs for Teleni was Fiji's Ambassador to China, now mired in $200,000 bribe scandal over appointment of Fiji honorary consul in Hong Kong!
"I’m delighted to be here to officially open the new Tengy Cement Factory in Lami. Any project that creates jobs for Fijians and boosts our national economy is cause for celebration. Here, the Tengy Cement Company has embarked on a US$50 million investment that has created 15 local jobs in the area, not to mention the significant contribution the company will make to the economy." - The then illegal Prime Minister Frank Bainimarama, 12 August 2014; Tengy Cement (Fiji) was one of the first major Chinese investors which had responded to the invitation from Bainimarama to set up business in Fiji, following his visit to China
THE COUPIST WITH TAXPAYERS MONEY AND THE VORACIOUS DRAGON: Bainimarama opening the Tengy cement factory
"The lessee (Tengy) was allowed to construct access road without any approved survey plan or an engineering design for the proposed road, consequently trespassing and damaging freehold land belonging to the Roman Catholic Church. The RCC demanded compensation for trespass and damages. Thus Government paid an additional sum of $315,000 to
acquire land on Lot 2 DP7048 that suffered damages"
IN THE CLAWS OF THE DRAGON: DANCING TO CHINESE TUNE IN FIJI
LETTING THE LAWLESS CHINESE DRAGON COMPANIES RUN WILD IN FIJI: Bainimarama watches a Chinese dragon dance during the opening of the Tengy cement factory in Lami
ACTING LIKE A SHEEP TO CHINESE DRAGON: "China stayed by our side [after the treasonous 2006 coup] because it recognised that what we were doing as a nation was for the long-term benefit of the Fijian people...And it has done a huge amount to contribute to the development and improvement of our infrastructure, including roads, public housing, hydroelectric projects, solar projects and hospitals." Bainimarama wishing the Chinese community Happy Chinese New Year - YEAR OF THE GOAT (SHEEP), 12 August 2015
From the Archive, 2011:
Victor Lal on Tengy (Fiji) Ltd in the pro-democracy blog Coupfourpointfive:
BIG SELL: Netani Sukanaivalu with Chinese Ambassador Han Ji Heng
And yet, the same 90 per cent local ownership principle was waived against the Chinese owned Tengy Cement (Fiji) Company Ltd, when the Ministry of Lands and Mineral Resources formalized the 99 year lease agreement last December with the company to build the country’s second cement factory in Veisari, Lami. Tengy was granted a 33 acres industrial lease.
The illegal Bainimarama regime had issued the Chinese investors with an industrial lease, cutting short the waiting period from 24 months to just eight weeks, a record breaking time.
The illegal Minister for Lands and Mineral Resources, Netani Sukanaivalu, commended the work of various Government ministries and departments for helping facilitate the needs of Tengy Cement (Fiji) Company Limited in record time.
“This is what Government had been saying all along, that Government ministries and departments must re-look at their systems and processes and ensure we reduce our turn-around time."
Sukanaivalu said what used to take government two years to finalise, took just two months to complete.
He boasted: “Tengy is one of the first Chinese companies to accept the Prime Minister's invitation. I'm particularly pleased that the Fiji government has stood true to its commitment to facilitate - in the shortest time possible and within reasonable cost - the request from foreign investors. Today, we witness a historic occasion in as far as government facilitation is concerned. What use to be 24 months turnaround time is now reduced to only two months. This means that government system and processes could be viewed to improve on our responsiveness.”
How it all began – A Passage to China
In August last year, the dictator Bainimarama announced that a Chinese cement producing company had expressed interest to set up a cement plant in Fiji.
“This company has indicated its willingness to set up their business in Fiji and I welcome them,” the dictator said. He revealed that he was approached by the company and he extended an invitation to them to visit Fiji and ascertain the conditions for setting up the plant.
The setting up of another cement factory in the country in Fiji, the dictator claimed, will help decrease the price of cement by creating competition for the few cement companies in Fiji who are indulging in cartel activity.
The dictator claimed the cement companies in Fiji had been asked to decrease the prices of cement but had not relented. “They have not done so and now it’s better to bring in another company to do just that for a lower price. Monopoly is bad for the people and I’ll make sure to put a stop to that.”
Bainimarama said he was determined to break the monopoly held by the sole cement producer in the country - Fiji Industries Ltd. (Coupfourpointfive wants to know why, if we are to accept the dictator’s monopoly thesis, his own army officers are monopolizing all crucial civil service and other institutions?)
The dictator had met the Tengy cement company investors during the Shanghai Expo, where Fiji also had a booth to entice investors to the corruption riddled Fiji.
Also present with the dictator were Khaiyum (doubling up as illegal Minister for Trade and Commerce) and Fiji Trade and Investment Board (FTIB) chairman Adrian Sofield, who had taken up his new post in June 2010. The Chinese ambassador to Fiji was also up there.
The Road to Company Registration in Fiji
A Coupfourpointfive investigation into Tengy reveals the Chinese company was awarded the Foreign Registration Certificate Number 10-01-79 on 21 December 2010 by the FTIB CEO. In awarding the Certificate, the CEO wrote to one Fugang Zao, P O Box 2563, Government Buildings, Suva, that the Certificate was for the Chinese company to establish a cement factory; and to manufacture and retail cement products.
The company was informed that “the foreign investor must have at least $250,000 in paid up capital in the form of cash from the operational date, to be brought fully into Fiji within the 12 months implementation period”. In addition, “the foreign investor must not engage in any other business activities not specified in this certificate”.
Jamnadas and Associates
The scandal ridden lawfirm of Jamnadas and Associates acted on behalf of the Chinese company. In this instance, it was not Renee Lal (partner in Jamnadas and Associates, and now accused of $400,000 fraud involving a Ghanian businessman) but Mele L Rakai, an Associate with the lawfirm who was involved in the formation of Tengy, as evidenced from his affidavit to the Registrar of Companies.
The two directors of the company are as follows: Teng Fei Zhao and Yu Bian. Both are Chinese citizens. The two gave their addresses as P. O. Box 2563, Government Buildings, Suva. The secretary of Tengy has been listed as one Ray Zhao.
The share capital of the company is one million dollars Fiji currency divided into 1,000,000 shares of $1 each, with power for the company to increase or reduce such capital.
The signatures of Teng Fei Zhao and Yu Bian, was personally witnessed by Dilip Jamnadas, solicitor, Jamnadas & Associates, Suva.
The illegal Bainimarama regime had issued the Chinese investors with an industrial lease, cutting short the waiting period from 24 months to just eight weeks, a record breaking time.
The illegal Minister for Lands and Mineral Resources, Netani Sukanaivalu, commended the work of various Government ministries and departments for helping facilitate the needs of Tengy Cement (Fiji) Company Limited in record time.
“This is what Government had been saying all along, that Government ministries and departments must re-look at their systems and processes and ensure we reduce our turn-around time."
Sukanaivalu said what used to take government two years to finalise, took just two months to complete.
He boasted: “Tengy is one of the first Chinese companies to accept the Prime Minister's invitation. I'm particularly pleased that the Fiji government has stood true to its commitment to facilitate - in the shortest time possible and within reasonable cost - the request from foreign investors. Today, we witness a historic occasion in as far as government facilitation is concerned. What use to be 24 months turnaround time is now reduced to only two months. This means that government system and processes could be viewed to improve on our responsiveness.”
How it all began – A Passage to China
In August last year, the dictator Bainimarama announced that a Chinese cement producing company had expressed interest to set up a cement plant in Fiji.
“This company has indicated its willingness to set up their business in Fiji and I welcome them,” the dictator said. He revealed that he was approached by the company and he extended an invitation to them to visit Fiji and ascertain the conditions for setting up the plant.
The setting up of another cement factory in the country in Fiji, the dictator claimed, will help decrease the price of cement by creating competition for the few cement companies in Fiji who are indulging in cartel activity.
The dictator claimed the cement companies in Fiji had been asked to decrease the prices of cement but had not relented. “They have not done so and now it’s better to bring in another company to do just that for a lower price. Monopoly is bad for the people and I’ll make sure to put a stop to that.”
Bainimarama said he was determined to break the monopoly held by the sole cement producer in the country - Fiji Industries Ltd. (Coupfourpointfive wants to know why, if we are to accept the dictator’s monopoly thesis, his own army officers are monopolizing all crucial civil service and other institutions?)
The dictator had met the Tengy cement company investors during the Shanghai Expo, where Fiji also had a booth to entice investors to the corruption riddled Fiji.
Also present with the dictator were Khaiyum (doubling up as illegal Minister for Trade and Commerce) and Fiji Trade and Investment Board (FTIB) chairman Adrian Sofield, who had taken up his new post in June 2010. The Chinese ambassador to Fiji was also up there.
The Road to Company Registration in Fiji
A Coupfourpointfive investigation into Tengy reveals the Chinese company was awarded the Foreign Registration Certificate Number 10-01-79 on 21 December 2010 by the FTIB CEO. In awarding the Certificate, the CEO wrote to one Fugang Zao, P O Box 2563, Government Buildings, Suva, that the Certificate was for the Chinese company to establish a cement factory; and to manufacture and retail cement products.
The company was informed that “the foreign investor must have at least $250,000 in paid up capital in the form of cash from the operational date, to be brought fully into Fiji within the 12 months implementation period”. In addition, “the foreign investor must not engage in any other business activities not specified in this certificate”.
Jamnadas and Associates
The scandal ridden lawfirm of Jamnadas and Associates acted on behalf of the Chinese company. In this instance, it was not Renee Lal (partner in Jamnadas and Associates, and now accused of $400,000 fraud involving a Ghanian businessman) but Mele L Rakai, an Associate with the lawfirm who was involved in the formation of Tengy, as evidenced from his affidavit to the Registrar of Companies.
The two directors of the company are as follows: Teng Fei Zhao and Yu Bian. Both are Chinese citizens. The two gave their addresses as P. O. Box 2563, Government Buildings, Suva. The secretary of Tengy has been listed as one Ray Zhao.
The share capital of the company is one million dollars Fiji currency divided into 1,000,000 shares of $1 each, with power for the company to increase or reduce such capital.
The signatures of Teng Fei Zhao and Yu Bian, was personally witnessed by Dilip Jamnadas, solicitor, Jamnadas & Associates, Suva.
RSS Feed