Financial Intelligence Unit instructed not to remove VNPF GM, Chairman

Chairman Letlet. Photos|File

The Supreme Court has issued consent orders on the Judicial Review (JR) case involving the Chairman of the Vanuatu National Provident Fund (VNPF) Board, Letlet August, VNPF General Manager (GM) Parmod Achary and Director of the Financial Intelligence Unit (FIU), Floyd Mera.

“Subject to the final outcome of the substantive matter of the proceeding, the First Defendant (Mr. Mera) shall not issue any directive under section 50I of the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) Act, purporting to remove the Second Claimant (Mr. August) as Chairman and member of the First Claimant’s (VNPF) board of directors and to remove the Third Claimant (Achary) as General Manager and member of the First Claimant’s board of directors,” the Supreme Court presiding judge stated on Wednesday this week.

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