Fijivillage
NEWS SPORTS

Financial Intelligence Unit assisting with investigations into 3 cases of unexplained wealth amounting $2 million

Financial Intelligence Unit assisting with investigations into 3 cases of unexplained wealth amounting $2 million

By Semi Turaga
Wednesday 18/09/2019
Unit Director Razim Buksh

Three cases of unexplained wealth amounting to more than $2 million are currently being investigated with the help of the Financial Intelligence Unit.

While speaking to the Parliamentary Standing Committee on Economic Affairs, Unit Director Razim Buksh says these three cases are being profiled by a taskforce which includes members from the Financial Intelligence Unit, Fiji Revenue and Customs Service, FICAC and Police.

Buksh says they are expecting to finalise the investigations before they hand over to the Office of Director of Public Prosecutions for an unexplained wealth application in court.

While the nature of the three cases has not been disclosed as investigations are continuing, Buksh has confirmed to Legend FM News that two of the cases involves over a million dollars each while the third case involves about $250,000.

He says any criminal activity can be linked to unexplained wealth.

Buksh says to date they have 15.5 million financial transactions data in their database and with the assistance of only two IT staff, they are able to examine it 24/7.

ADVERTISEMENT

MH Moneygram
MH Online Shopping Banner

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
SODELPA spectacle
With SODELPA going through changes and opposition within the party, we give you all the stories that covered these ...
12 days ago

USP Saga
Full coverage of the USP saga including coverage of protests, investigations, reports and ...
12 days ago

Fiji's approach to deal with effects of the COVID-19 Pandemic
As Fiji battles against the spread of the COVID-19 pandemic, many individuals and organisations have come forward to lend a helping ...
76 days ago
FEATURE NEWS
No new submissions for capital projects for Housing Ministry in the 2020-2021 National Budget - Kumar
The Minister for Local Government Premila Kumar has confirmed that they have not made any new submissions for capital projects in the 2020-2021 Natio...
15 hours ago
LATEST NEWS
Fiji Airways extends international flight cancellations through to the end of August
Fiji Airways has extended international flight cancellations through to the end of August. Fiji Airways Managing Director and CEO Andre Viljoen ...
30 minutes ago

Archbishop Chong says they are training people properly to prevent abuse
The Head of the Catholic Church in Fiji Archbishop Peter Loy Chong says they cannot deny that there have not been victims of abuse in the church and ...
1 hour ago

Ghislaine Maxwell pleads not guilty to luring girls for late financier Epstein
Ghislaine Maxwell, the British socialite and ex-girlfriend of the late US convicted sex offender Jeffrey Epstein, has pleaded not guilty to charges ...
2 hours ago

PM commissions new Boys Hostel at Levuka Public High School
Prime Minister Voreqe Bainimarama has commissioned the new Boys Hostel at Levuka Public High School. While speaking at the opening, Bainimarama ...
2 hours ago

FTU hoping the issue of MY APA payments is addressed in the budget
The Fiji Teachers Union is hoping that the issue of teachers who have not received their annual increment under the My Annual Performance Assessment ...
16 hours ago

TOP