Attorney General, Aiyaz Sayed-Khaiyum says if the Government wanted to bolster their cash flow by selling Energy Fiji Limited shares, they would have sold the whole 44 percent to FNPF.
He said this in reply to SODELPA MP, Viliame Gavoka who said in parliament that he is tempted to believe that FNPF was strong armed into buying the Energy Fiji Limited shares to bolster Government’s dwindling cash situation.
Sayed-Khaiyum says they had first rejected FNPF’s conditions as the government wanted the best deal for the country.
Sayed-Khaiyum says the Malaysian based company wanted to buy 44 percent of shares but with majority control which is why it was rejected.
He adds they went through a very rigorous process to arrive at the deal.
Sayed-Khaiyum says if FNPF was strong armed, the Directors of FNPF who are professionals would have resigned.
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