10 May 2010

Fiji Development Bank closes resort near Suva

10:38 am on 10 May 2010

The Lagoon Resort in Pacific Harbor will file an injunction today against the Fiji Development Bank.

This is after the bank, an autonomous state funded investment body, closed down the resort last Friday night after a disagreement over a time sharing arrangement.

Resort manager Jim Sherlock told Fiji Broadcasting Corporation he hopes this injunction will resolve the situation and the resort will resume its normal operations.

He says the bank informed them through a letter last Monday that the resort will be closed down.