The Fiji Labour Party leader and former prime minister, Mahendra Chaudhry, has been found guilty of breaching the Exchange Control Act.
Four assessors in the High Court in Suva reached the decision after deliberating this morrning.
Mahendra Chaudhry was found to have retained the sum of 1.5 million Australian dollars abroad without the consent of the Governor of the Reserve Bank of Fiji.
He was also found to have dealt in a foreign currency without permission.
The maximum sentence for the breaches is two years in prison.
Chaudhry had pleaded not guilty.
The judge is expected to deliver his judgment this afternoon.