Former FHL Group CEO Fareed Tells: ‘Why He Had To Quit’

Former Fijian Holdings Limited top man Nouzab Fareed maintains no wrongdoing amidst allegations of sexual harassment against him, as he announced his resignation yesterday.
The former FHL group chief executive officer said the decision to step down had nothing to do with the board, but a decision made on his own accord.
The allegations first surfaced when Opposition Member of Parliament Lynda Tabuya made claims on social media that a 22-year-old woman had been sexually harassed by Mr Fareed. These allegations have been dismissed by Mr Fareed, who claimed this was being done by people who were disgruntled former employees.
“It was very hard. I am a man of principle.
The last eight or nine days has been very tough for me and my family. I am a God-fearing person and I need to do the right thing,” he said.
“Fijian Holdings per se is much larger than just Fareed so I have to protect the company that gave me everything I have now in the last 15 years.
“I resigned on my own free will and accord. Nobody forced me. Nobody stressed me and my directors were very professional and they were not willing to take my resignation in the beginning.” Mr Fareed said his decision protected his family and allowed him to speak his mind freely.
He said under his 15-year employment at FHL, seven of which he was CEO, he had kept his slate clean.
He admitted that he was ruthless at times. “I am a clean person. My character and my integrity are not questionable. I can stand up anywhere and say I am a clean guy and I have not done anything wrong,” he said.
“Different people have different agendas. Some people want to increase their fan club, some people want to take revenge, because don’t forget that Fareed is a very ruthless businessman. “During my career I have sent more than 100 people home for non-performance and insubordination.
“Most of the people are either terminated, most of the people who owe money to the company, and people who are disgruntled employees, people who I have not given any promotions, contracts.
“Politicians, especially from the Opposition, have their own agendas, so it is all about the fan club, so there are people who want to become famous by their own deeds.”
FHL chairman Adrian Sofield said the board had accepted Mr Fareed’s resignation.
He said the board, in consultation with the South Pacific Stock Exchange, would not announce the interim successor until the position is advertised.
Mr Sofield said FHL shares had slipped slightly, but that was expected and this would bounce back in the coming days.
Police have confirmed that their investigation in the matter was ongoing and no files were given to the Office of the Director of Public Prosecutions (ODPP). Mr Fareed said he was confident the Police investigation would show what happened.
He has no plans on leaving the country because he is a Fijian citizen and is open to job offers.
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