Interesting how another opportunist and Mahen Chodo’s sucker, Felix Anthony, has gone quiet all of a sudden. Remember his many press conferences soon after his appointment to the FNPF Board? Back then, he and his other loser friend, Dan Urai, didn’t seem to have enough of seeing themselves on the media. They got very busy in puffing out unsubstantiated allegations about FNPF’s Board and management culminating in the removal of the Board and its top two executives, Olota Rokovunisei and Foana Nemani.
Soon after, the new military appointed FNPF Board got quite disoriented with the public backlash that followed and decided to give themselves credence by appointing Ernst & Young Australia to investigate and highlight the alleged corruption in FNPF. In the process, Felix Anthony and again Mahen Chaudhry both announced through the media that the findings by Ernst & Young will be disclosed publicly for the benefit of the FNPF members.
But seven months down the line, Felix and Mahen, are tight-lipped about the Ernst & Young findings. And you know why? WFC sources said the Ernst & Young report stated that there was NO CONCLUSIVE EVIDENCE to justify the unceremonious removal of the previous Board and management. It also noted that the investment projects FNPF entered into were normal business practice and that there was nothing sinister about it apart from the usual delays and project management daily hiccups expected of large development projects like Natadola and others. According to the sources, the report also said that FNPF members are now in a very awkward position given the many law suits created by FNPF new Board’s decision to prematurely terminate key employment and development projects funded by FNPF.
FNPF’s investment return to its members is already suffering with the recent reduction of their FNPF interest rate from 6.5% to 6.3%. It is envisaged that it will fall further to 6%, or even lower come 2008.
But knowing the cunnings of Felix and his mentor, Chaudhry, we can only wait for the Ernst & Young full report as promised by them with bated breath.