A former Fiji Prime Minister is accusing the government of interfering in the result of the election for the directorship of Fijian Holdings.
The South Pacific Stock Exchange said its Chief Executive Latileta Qoro had resigned after taking responsibility for a miscount of votes in the elections.
But Laisenia Qarase, who attended the election as a representative for several shareholders, said he saw no evidence such an error was made.
Mr Qarase said it was a complete shock when the election result was reversed.
"The change was done within a small group of people who decided on the issue without the knowledge of the great majority of the other shareholders. I believe there was a group of people from the Government side that virtually interfered in the process of election."
Mr Qarase said he believed Ms Qoro was forced to resign.
He said the longer the Government interferes in the running of Fijian Holdings the worse its results will get.