6 Jul 2002

Fiji police uncover foreign exchange scam

7:30 am on 6 July 2002

Investigations by Fiji police into an alleged robbery at a foreign exchange company in Suva this week have uncovered an international money moving scam.

Police seized computers and other records at two offices of Money World Fiji yesterday.

The Fiji Times reports the police raid followed information that the company was transferring large amounts of money out of Fiji without Reserve Bank approval.

Police have confirmed that the general manager of Money World, Ula-isi Waqa, has been charged in connection with the robbery at the company in which more than 85 thousand US dollars was taken.

The police money laundering unit started the probe after the original robbery suspects provided information about those behind it.