In a follow up to a SiFM post on Yaqara, it appears that Fiji Water is centering its cross hairs, on the control of Yaqara Pastoral company.
Based on a legal case Gilmour V Kubs, it appears that Fiji Water had long desired to establish complete domination, over the land in question, regardless of the 'third-rail' debate over the ownership.
Fiji Times article.
Fiji Live article.
Fiji Daily Post article.
Radio Fiji article, quotes from Fiji Water's General Manager, David Roth, who expressed disappointment over the Interim Government's decision to re-open calls, for the expression of interest.
Fiji Parliament Hansard on the cattle ranch programs in Fiji, including descriptions of the interested parties.
Invest in Fiji blog posting also announces the news of Fiji Water's intentions and provides a brief mention of Yaqara Pastoral Company's recent financial record.
However, it has become apparently clear that Fiji Water's decision to seek control of Yaqara Pastoral Company, was not entirely due to its flourishing cattle ranch, but simply based on the dubious fact that Fiji Water pays Yaqara Pastoral, back-room-deal formulated and under-reported royalties, for the use of the water. In fact, by operating Yaqara Pastoral company, Fiji Water could omit royalties altogether and since it would control the expenditure and the revenue for Yaqara Pastoral, no one would be the wiser.
To have Fiji Water operate and manage the company it pays royalties to, is a rather incestuous financial arrangement, that does not bode well for the public of Fiji.
It is now a global concern, in light of the global financial decline that, private interests should not take precedence over the public concerns and Fiji Water's phony diversification scheme, should be viewed by all, as an extension of this financial skulduggery.
Another Fiji Parliament Hansard, also covers the discussions related Fiji Water royalties and tax concessions given to the company.
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