Pine landowners thank govt for cleanup

05/24/2010
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The Bua Pine Landowners Association has thanked the government for the cleanup campaign in regards to landowners concerns.

Bua Pine Landowners Association Spokesman Tevita Raiova said they have been mistreated in the past 25 years by the Fiji Pine Industries.

Raiova said what the government can do now will benefit the landowners.

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Raiova was responding to the current board of Tropik Wood Industries Limited has called in FICAC to investigate the sale of its subsidiary company Fiji Forest Industries which led to a loss of $2,110,000.

Following the decision, the Tropik Wood Board has made a formal request to the government to suspend logging, milling and export license of Fiji Forests until the matter is resolved.

Board Chairman Ratu Tevita Uluilakeba Mara alleges that the former board of directors of Tropik Wood sold the entire shares of Fiji Forests to one director for only $340,000.

Ratu Tevita stresses that the ulitmate holding company of Tropik Wood is the government which despite the alleged transaction made a profit of $1,200,000 from revenue of $34,000,000.

FICAC confirmed they have received the request for a formal investigation into the transaction from Tropik Wood and investigations will commence soon.  

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