7 Mar 2007

Fiji military looking for missing Provident Fund executive

10:38 am on 7 March 2007

Fiji's military is reported to be hunting for a top National Provident Fund executive at the centre of allegations of abuse of funds.

The Fiji Sun reports that there are fears the deputy chief executive of the 2-billion US dollar Fund, Foana Nemani, may have left the country after she could not be found at any of her three properties in Suva last night.

Security guards at the properties said Mrs Nemani had removed her belongings and could not confirm whether she was in the country.

An audit of the Fund found that Mrs Nemani is alleged to have taken loans far in excess value of the property she bought, sold a personal car back to the Fund to avoid paying most of a loan, and abused her credit card privileges on overseas travel.

Apart from charging private expenses to the credit card she was found to have withdrawn cash which was debited to the Provident Fund.

A board member of the Fund, Daniel Urai, is quoted as saying abuse amounting to millions of dollars uncovered in the audit is "just the tip of the iceberg".

Mrs Nemani and the chief executive of the Provident Fund, Olota Rokovunisei, were suspended before the audit started.