The iTaukei Land Trust Board (TLTB) has firmly denied allegations concerning the lease agreements associated with the Grace Road group of companies, clarifying that its CEO, Solomone Nata, was not involved in the lease processing activities. Ratu Aca Rayawa, Chairman of the TLTB Board Governance, Audit, and Risk Committee, underscored that all leases pertaining to Grace Road were executed following standard protocols and legal requirements.
As a foreign investor, Grace Road is obligated to adhere to Fijian laws, with lease agreements processed in accordance with the TLTB’s policies and legal frameworks. Ratu Aca highlighted the necessity for TLTB to consult with iTaukei landowners prior to approving any lease in compliance with the iTaukei Land Trust Act of 1940. This process is established to protect the interests of iTaukei landowners through statutory checks and balances.
Leases are only granted when applicants satisfy specific eligibility criteria, which include possessing valid documentation, proof of income, development plans, and the capability to fulfill financial obligations. Responding to accusations alleging that Mr. Nata facilitated a lease in Yadua for Grace Road, Ratu Aca categorically refuted these claims, labeling them as unfounded and defamatory.
He elaborated on the operations of Grace Road True Mart, explaining that the site it occupies was initially part of a development lease held by the landowner trust. This portion was subsequently sold to Grace Road Trading Limited, which has advanced development initiatives since the prior lease had lapsed. Ratu Aca also addressed concerns regarding the leasing situation in Wainadova, affirming that a breach of agricultural lease conditions in Navua occurred, prompting TLTB to issue a formal breach notice. The penalty was paid, and a new industrial lease was subsequently granted for the five-acre site, bringing it into compliance.
Currently, the matters regarding the Wainadova lease are pending before the High Court. Ratu Aca noted that it would be premature for the TLTB to comment further due to the ongoing judicial process, affirming the Board’s commitment to safeguarding landowner interests and ensuring compliance with lease obligations.
This reaffirmation of ethical business practices and regulatory compliance reflects TLTB’s dedication to transparency and accountability in land governance, engendering trust within the community of iTaukei landowners. As this situation unfolds, it underscores the importance of rigorous legal oversight in fostering a fair investment climate in Fiji.
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