Former Deputy Prime Minister and Minister for Finance, Professor Biman Prasad, has been granted a non-cash bail bond of $10,000 by the Suva Magistrates Court. His representation came from lawyer Richard Naidu as Prasad faces charges from the Fiji Independent Commission Against Corruption (FICAC) for failing to comply with statutory disclosure requirements.
The charges relate to an incident from December 30, 2015, during which Prasad, serving as an office holder of the National Federation Party, allegedly neglected to declare his directorship in Platinum Hotels & Resorts Pte Limited in his annual financial disclosures. Furthermore, he is accused of submitting a false statutory declaration by failing to disclose this information, which would render the declaration materially false.
During the court proceedings, representatives from FICAC mentioned that they have completed all necessary disclosures. Magistrate Yogesh Prasad acknowledged a conflict of interest related to a previous property transaction with the defendant, yet both parties agreed to move forward with the case.
Prasad’s defense team plans to challenge the charges in the High Court by seeking a permanent stay, questioning the legitimacy of Rokoika’s appointment and citing concerns over prejudicial delays, given that the allegations have been pending since 2015. While FICAC did not impose strict bail conditions, it was noted that Prasad is not considered a flight risk; however, he must notify the court of any travel intentions.
The case is set to return to court on November 8. As this legal scenario develops, it raises significant questions regarding the political climate in Fiji, emphasizing the need for greater transparency and accountability in government operations. This situation provides a valuable opportunity for initiating discussions on ethical behavior in public service and reinforcing public trust in governmental institutions.