Frank suspends FHL bosses

We’re reliably told that Frank Bainimarama has suspended FHL chairman Isoa Kaloumaira, deputy chairman Colonel Aziz Mohammed and CEO Sereana Qoro.
It is believed that Frank is not happy with the more than $20million non-refundable deposit paid out by FHL to BP Oil in what is already predicted to be a doomed deal.
Following his 2006 coup, Frank removed FHL’s key board members and executive team, replacing them with a mediocre coup apologists line-up whose business acumen can be best described in their non-sensical move to sign a $190million sale and purchase agreement with no financing in place to support it.
Sources say the new FHL board and its CEO Sereana Qoro promised Frank the world, but so far, the dictator is getting edgey with their worse than poor performance thus far.
Certain provincial council shareholders have publicly aired their concerns on their disgust at how the FHL board and management have suddenly gone on a buying spree with no regard for proper due diligence.
Frank Bainimarama is said to have taken note of their concerns and is obviously using it to win some brownie points from these indigenous Fijian provincial groups.
But what will happen to the more than $20million non-refundable deposit plus other sunk costs associated with this failed deal?
This is the $20million question that Frank is digging into right now.
He has ordered an investigation into the FHL/BP saga while his selected crop of non-performers get suspended.
And what a start to Frank’s “roadmap to nowhere”.
He is back in square one with millions of dollars down the drain.