There are indications today that the FNPF investment arm, led by one Semi Leiwere, will be scrapped.
This is the unit that manages all the resort investments FNPF committed itself to like the Natadola Intercontinental Resort, the failed Momi Bay Resort, the yet-to-be-seen derelic Grand Pacific Hotel in Suva, and others.
Sources say an expatriate staff hired by FNPF to provide investment advise to their rotten investment portfolio sort an audience with Frank Bainimarama not so long ago.
It is understood he recommended that FNPF’s investment unit be removed and for FNPF to work towards liquidating all their non-performing assets.
This is the unit that manages all the resort investments FNPF committed itself to like the Natadola Intercontinental Resort, the failed Momi Bay Resort, the yet-to-be-seen derelic Grand Pacific Hotel in Suva, and others.
Sources say an expatriate staff hired by FNPF to provide investment advise to their rotten investment portfolio sort an audience with Frank Bainimarama not so long ago.
It is understood he recommended that FNPF’s investment unit be removed and for FNPF to work towards liquidating all their non-performing assets.
