Folks we about to witness the biggest overnight transfer of public wealth from the peoples collective property.
The following institutions namely the AG's Office, Ministry of Public Enterprize, Ministry of Finance, RBF, FIU, FTIB, FIRCA and the SPSE will collaborate to liquidate certain public enterprises.
Now one of the primary reasons this would have to be done, or at least why the people that advise the goons tell them it has to be done is simply because of the fact that the FNPF is unable to sustain this illegal governments domestic mis-governance nor service its international liabilities. It follows therefore that the liquidation is targeted at foreign entities.
BTW it will be interesting to see how the brokerage contracts to facilitate the private placements and subsequent listing of these public assets would be awarded, especially when the regulator and the minimum standards, checks and balances for capital raising has purportedly been revoked, our bets however are on Hari or would they split the difference.
The bankable no brainer sales of course would comprise of Airports Fiji Limited, Air Terminal Services, Fiji Electricity Authority, Housing Authority and the Unit Trust of Fiji, but the main event is the off market sale of Amalgamated Telecom Holdings, which has been delayed for almost a year now since RFN shut the ATH web site down. Anyway the funds will be utilized to replace all the "LENT" FNPF monies to publish qualified hogwash for public consumption. We are waiting to take the Auditors to task once these are all out and like their counterparts in the United States who falsified accounts, overvalued assets etc which led to the GFC they too will be shut down as an entity and in person when democracy is restored.
Now although this may seem on the face of it to be just a revenue generating exercise in light of our economic disaster, it will guarantee that the select few who advise and control the idiots at the army camp will personally profit from the sale, after all they are not "public officers" according to their decree.
The select few will exclude our own illegal President, Frank and bulldog Driti. You know sometimes we have pity on these men they really and truly are quite simple, literally "no tunnel". They are like little boys, give them a few tin medals, a flash car, increase their salaries and approve a little loan to invest and they think they have made it big time.
Meanwhile back at the ranch our poor oppressed fearful talibanized "disciplined" soon to be made redundant civil service and educated opportunist will assist them in this endeavor.
Once the transfer occurs ladies and gentle persons there will be massive redundancies and internal restructuring within these institutions and their subsidiaries. I do not even want to think of all the job losses that will occur this year.
The best part is that our "investors" who will acquire these assets via domestically registered/resident proxies will not only purchase them for less than 50% of valuation via the private placement, they will also be exempt from paying taxes.
tsk tsk, I dunno.
