National Federation Party leader Professor Biman Prasad yesterday asked the Acting Prime Minister and Attorney-General Aiyaz Sayed-Khaiyum to reveal the sale price and total debt Pullman Resort owed to the Fiji Development Bank.
He said the resort was built on borrowed funds from FDB and HFC Bank.
“The other question we want to ask is, what is the portfolio of bad loans held by the bank?
“For example, we were told by the honourable Acting Prime Minister on Monday that Pullman Resort, which was built on borrowed funds from FDB and HFC, has been sold after being mortgaged,” he said.
“I want to ask the Minister for Economy to reveal what the sale price is ?
“Is it $56 million and what is the total debt owed to FDB?
“Further, has the same amount been settled in full or not? If not, why not?” Prof Prasad said they were informed the new buyer was from the United States. ”
We are informed that initially a 10 per cent deposit was provided, and the buyer is making settlement through partial payments. And who is the buyer?”
Mr Sayed-Khaiyum said Mr Prasad’s commentary about the buyer was “as usual, he watches too many secret Bollywood and Hollywood movies”. “Conspiratorial, you know,” he said.
“It is, of course, tenders were called. Tenders and the board then choose on the basis of the tender and the best price.”
