28 February, 2020, 2:28 am
Suva - 30°C Sunny
28 February, 2020, 2:28 am | Suva - 30°C Sunny

Police awaits final decision of the Office of DPP in relation to the investigation files of Nouzab Fareed

By Vijay Narayan
Wednesday 22/01/2020

Police are still awaiting the final decision of the Office of the Director of Public Prosecutions in relation to the investigation files of former Fijian Holdings Limited CEO, Nouzab Fareed.

Chief of Intelligence and Investigations, ACP Biu Matavou confirms that two investigation files relating to sexual harassment have been submitted to the DPPs Office.

ACP Matavou says this is in relation to the two women who made allegations against Fareed.

Audio recordings of Fareed allegedly speaking to one of the complainants and former FHL worker, Judy Wise at the time of the alleged incident have also gone viral.

We have contacted Fareed however he has not said anything on this.

Wise had said that she had earlier taken the matter up to the FHL board.  

It was earlier highlighted that the FHL board had earlier conducted an inquiry and had found no wrongdoing by Fareed.

Fareed resigned after a FHL board meeting on December 20th last year.

He had maintained that he is innocent and that the truth will come out in the Police investigation.  

When questioned by Fijivillage on why no public statements were made when the former FHL CEO was under investigation and what a publicly listed company is required to do, CEO of the South Pacific Stock Exchange, Krishika Narayan said that listed entities are required to release market announcements to the public under the continuing listing requirements of the SPX Listing Rules.

She says announcements are released for material information only and is not required when the information is based on assumptions or beliefs and is insufficiently definite to disclose or where the information is changing frequently.

Narayan says as the frontline regulator of the stock market, SPX will continue to monitor the trading activities of all listed entities and where needed, market announcements on material information will be released for public dissemination.

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