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Financial Intelligence Unit assisting with investigations into 3 cases of unexplained wealth amounting $2 million

Financial Intelligence Unit assisting with investigations into 3 cases of unexplained wealth amounting $2 million

By Semi Turaga
Wednesday 18/09/2019
Unit Director Razim Buksh

Three cases of unexplained wealth amounting to more than $2 million are currently being investigated with the help of the Financial Intelligence Unit.

While speaking to the Parliamentary Standing Committee on Economic Affairs, Unit Director Razim Buksh says these three cases are being profiled by a taskforce which includes members from the Financial Intelligence Unit, Fiji Revenue and Customs Service, FICAC and Police.

Buksh says they are expecting to finalise the investigations before they hand over to the Office of Director of Public Prosecutions for an unexplained wealth application in court.

While the nature of the three cases has not been disclosed as investigations are continuing, Buksh has confirmed to Legend FM News that two of the cases involves over a million dollars each while the third case involves about $250,000.

He says any criminal activity can be linked to unexplained wealth.

Buksh says to date they have 15.5 million financial transactions data in their database and with the assistance of only two IT staff, they are able to examine it 24/7.

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