Weleilakeba cross examination continues
13:04 Tue Jul 10, 2012
Taken from/By:
Report by: Maca Lutunauga
The statement by the Fijian Holdings Limited chairman in the annual report of 1996 says that while there were severe criticisms on the share holding policy it will not go unchallenged.
Defence counsel in the case against Laisenia Qarase former Prime Minister cross examined state witness FHL former secretary and Chief Executive officer Sitiveni Weleilakeba today.
Weleilakeba agreed with defence counsel Tupou Draunidalo that he played a major role in the compilation of the annual report.
He also agreed with Draunidalo that in the 1996 annual report, according to the chairman’s statement – there were misleading statements on the implementation of the shareholding policy.
However when asked whether he had raised any objections to the contents of the statement in the annual report, Weleilakeba replied no.
Still under cross examination Weleilakeba says “A” class shares with FHL at the time were approved with the concurrence of the Fijian Affairs Board and the GCC.
He told the court that it included companies such as Sticks Investment in which he has interests, Mavana, Q-Ten Investments, Cicia Plantation – companies which directors had shares in.
Qarase is charged with six counts of abuse of office and three counts of discharge of duties while being a director with FHL.
The trial continues this afternoon.
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