FIJI NEWS

Chaudhry trial next year

By ARISHMA DEVI Fiji Labour Party leader Mahendra Pal Chaudhry will undergo his court trial on exchange control matters next year. Suva High Court judge Justice Paul Madigan has ordered
20 Oct 2012 09:24

By ARISHMA DEVI

Fiji Labour Party leader Mahendra Pal Chaudhry will undergo his court trial on exchange control matters next year.
Suva High Court judge Justice Paul Madigan has ordered a file of motion to be presented in court by Chaudhry’s counsel Anand Singh on February 22, 2013.
Chaudhry’s new counsel Mr Singh has requested for more time to look into the case after he had replaced Chaudhry’s previous counsel, Rajendra Chaudhry.
Justice Madigan has given the defence three months in which to study the case before the next mention.
Chaudhry had pleaded not guilty to the three counts of breach of the Exchange Control Act.
The first count is in relation to failure to surrender foreign currency.
It was alleged that between November 2000 and July 2010 he retained the sum of $A1.5 million ($F2.78m) for his own use and benefit, without the consent of the Governor of the Reserve Bank of Fiji.
The second count is in relation to dealing in foreign currency with an authorised dealer without permission.
He lent $A1.5million to financial institutions in Australia and New Zealand without being an authorised dealer and without the permission of the Governor of the Reserve Bank of Fiji.
The third count relates to failure to collect debts where Chaudhry was alleged to have had the right to receive a sum of $A1.5m from financial institutions in Australia and New Zealand.
He is alleged to have caused the delay of payment of the sum, by authorising the continual reinvestment of the sum together with interest acquired back into the financial institutions without the permission of the Governor of the Reserve Bank of Fiji.




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