Interim Prime Minister Commodore Frank Bainimarama has today clarified that the tax benefits have been taken away from the Fijian Holdings Unit Trust and the Fijian Trust Fund in the 2008 budget because only the elite Fijians have been benefitting from these institutions for years.
Bainimarama has rejected suggestions by terminated Great Council of Chiefs Chairman Ratu Ovini Bokini that this decision will affect the handing out of scholarships.
He said a transparent process will always be followed for the scholarship awards but his main concern is the Laisenia Qarase government's decision a few years ago to convert the $20 million loan to a grant for the shares bought in Fijian Holdings.
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