Has Fiji Airways debt to FNPF been converted to shares to make the Fiji Airways books look good – Anthony

Has Fiji Airways debt to FNPF been converted to shares to make the Fiji Airways books look good – Anthony

By Dhanjay Deo
06/07/2022
Fiji Trades Union Congress, Felix Anthony

We are calling on the Board of the Fiji National Provident Fund to clearly explain to members of the Fund the basis of its decision to buy shares of Fiji Airways as the risk involved is massive and greater transparency is necessary.

This is according to the National Secretary of Fiji Trades Union Congress, Felix Anthony says who says the CEO of Fiji Airways has so casually announced about the purchase which is simply shocking and unanticipated.

Anthony says there has been no word from the FNPF Board on the decision to purchase shares nor has there been any information forthcoming on whose shares have been purchased or has the Fiji Airways debt to FNPF been converted to shares to make the Fiji Airways books look good.

He says all these deals appear to have been made in secrecy without proper due diligence and the fact that workers’ money is being expended to save the airline.

Anthony says this is being done at a time when all airlines around the world are struggling to keep afloat coming out of a pandemic.

He says they have not heard of any workers’ superannuation scheme investing in airlines more particularly at a time like this.

Anthony says the FNPF does not recognize that it is workers’ funds that they are trustees of and not an extension of the Ministry of Economy.

FEATURE NEWS
Give vouchers rather than providing $200 for back-to-school assistance – Labasa Teacher
A teacher from Labasa is calling on the government to re-look at the $200 Back to School Assistance provided by the government to families earning a c...
4 hours ago
LATEST NEWS
Community Health Workers provide important linkage between the health system and the communities – Dr Tudravu
The role of Community Health Workers (CHWs) is an integral part of our primary health care system as they provide an important linkage between the ...
4 hours ago

Navuso Agricultural Technical Institute receives $198,000 excavator from Prime Minister
In a bid to support young farmers with modern equipment as a step towards greater self and economic resilience, Prime Minister Sitiveni Rabuka handed ...
4 hours ago

Bank employee charged with forging documents to facilitate $280,000 loan
A bank employee who allegedly forged bank statements and a vehicle policy with the intent to facilitate the approval and disbursement of a loan of ...
4 hours ago

Israel and Iran's feud intensifies
Strikes by Israel and Iran continue as the conflict between the two countries intensifies. It comes after Israel attacked Iran early on Friday, ...
8 hours ago

Aseri Radrodro to appear on fijivillage Straight Talk With Vijay Narayan at 7pm Wednesday
Minister for Education, Aseri Radrodro will appear on fijivillage Straight Talk With Vijay Narayan at 7pm Wednesday. The show will focus on ...
8 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Ben Salacakau and Glenis Yee on fijivillage Straight Talk With Vijay Narayan
The show focuses on the gaps in Fiji’s education system and what needs to be done, the pressure on committee run schools to keep the schools ...
3 days ago

Fiji Airways Men’s National 7s coach Osea Kolinisau on fijivillage Straight Talk with Vijay Narayan
Osea Kolinisau on fijivillage Straight Talk with Vijay Narayan
6 days ago

Riyaz Sayed-Khaiyum and Vimlesh Sagar’s abuse of office case
Sayed-Khaiyum is charged with one count of abuse of office and one count of general dishonesty causing a loss while Vimlesh Sagar is charged with one ...
6 days ago

TOP