There are rumours that Golden Manufacturers majority owner, Mohammed Asif Razak, is the buyer of that controversial Governor of Reserve Bank official residence in Tamavua.
Sources say Razak offered $1.7million to buy the property that cost RBF $1.4 million to build.
Asif Razak’s packaging company in Valelevu is a successful private company that manufactures boxes for big companies like Fiji Water.
A small shareholding of Pacific Manufacturers was bought by Fijian Holdings Limited before the coup of 2006 which sources say is earning good returns for FHL.
http://query.nytimes.com/search/sitesearch?query=fiji+coup&srchst=cse
His name is Mohammed Asif Razak also on John Sammy’s Email List and IS A 2006 COUP FINANCIER with NZ Residence…apart from the FHL Board that did the BP deal…
Wow…there’s still lots of dosh around! Good on him and great to see these sorts of real estate purchases during this time! This will be boosting local and international confidence!
the total cost of that property (to buy the land and build and furnish the residence) is, according to sources, more than $2 million ….
did the rbf make a gain on sale from it or was there a loss?