PM tells Rabuka to reveal his involvement in the NBF crisis
July 19, 2018 7:09 pm
Prime Minister Voreqe Bainimarama has demanded SODELPA Leader Sitiveni Rabuka to stop denying his involvement in the National Bank of Fiji crisis.
Rabuka told FBC News he was not involved, however, Bainimarama says this is not true.
Rabuka says the rot was already there, however, a report provided by Brian Easton, an economic researcher from New Zealand, clearly states the crisis occurred four years of Rabuka’s takeover.
Bainimarama says Rabuka is denying what actually transpired during the NBF financial crisis.
“Rabuka: The rot was there and my government was responsible for cleaning it up”
“Prime Minister: He took over the government in 1987, the rot could not have been there because things changed dramatically in the NBF after that after he took over.”
When asked by FBC News if the allegations against him about NBF are factual, Rabuka shifted the blame to some former SVT MP’s.
According to some media reports back in the late ninety’s, the NBF’s bad and doubtful debts were estimated over eight per cent of GDP.
According to Minister for Economy Aiyaz Sayed-Khaiyum, the NBF Saga cost the country a staggering $615 million dollars in today’s terms.