News

FBC loan above board

Edwin Nand

July 10, 2015 1:13 am

Fiji Broadcasting Corporation followed all relevant channels and procedures in acquiring a $22 million loan from the Fiji Development Bank.

Public Enterprise Minister Aiyaz Sayed-Khaiyum was asked in parliament whether loan taken out in 2009 was above board.

Sayed Khaiyum also informed the House that all audited financial accounts of FBC up to 2014 are complete and will be brought before parliament shortly.

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FBC took out the loan for a complete overhaul of the company as well as investing into TV services.

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