This is to advise the South Pacific Stock Exchange (SPSE) that the FHL Group Managing Director, Mr Sitiveni Weleilakeba was today charged by the Fiji Independent Commission Against Corruption (FICAC) with two misdemeanors under the penal code.

 

The offences related to corporate and secretarial matters of FHL in 1992 Annual General Meeting resolutions.

 

The allegations and charges are defended by the Company Solicitors. The Court placed no restrictions on Mr Weleilakeba’s travel.

 

The partial takeover of the RBG shares currently made through the SPSE is not affected in anyway by these charges.

  

We reassure our shareholders, subsidiary companies, joint ventures partners, investment companies and prospective investors that the security of their investment with FHL is not affected. 

    

Jaoji Koroi

Chief Executive Officer