The board of the state-owned Fiji Development Bank could face dismissal following its surprise decision this week to sack the managing director, Isoa Kaloumaira.
The attorney general, Qoriniasi Bale, has told the Fiji Times that dismissing the board could be one of the options that may be considered by a government team investigating the sacking.
Meanwhile the National Federation Party says the sacking is worrying because the state has more than 235-million US dollars invested in the Fiji Development Bank through loans, guarantees, bonds and promissory notes.
The party says if the bank fails, the losses would be far greater than the 157-million US dollars lost when the National Bank collapsed and which will again have to be borne by taxpayers.
