Sunday, May 13, 2007
IG Problems Affect CMDA
HnC has obtained reliable information that the illegal IG is almost broke.
The Capital Markets Development Authority which is usually funded by the Ministry of Finance will not be funded by the government this year because there is no more money.
CMDA is Fiji's capital markets watchdog and it plays an important role in regulating the investment markets.
Yet this year, the CMDA will have to make ends meet with their left over budget from last year.
Rumour is that CMDA have only enough money left to last maybe a couple of months, after that, if nothing changes, they might have to suspend their operations.
Mahen "Sneaky Snake" Chaudhry must have known that once the international community turns its back on Fiji, it would onlybe a matter of time before the IG's coffers dry up.
Perhaps this is why he hasn't given up his other job as General Secretary of the National Farmer's Union.
But whats more concerning is the view of some political pundits that the destruction of Fiji's economy is just part of Mahen's grand plan to bring Fijians to their knees.
It seems Mahen is prepared to destroy the lives of a great many people to achieve his political goals.
I just hope senior officers in the military will realise this and do something about this man who is directly threatening Fiji's national security for his own policital gains - before its too late.