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Former bank official queries Lulutai Airlines investment

Summary by Ch-Aviation

A former deputy governor of the National Reserve Bank of Tonga has queried why the State Retirement Fund tipped TOP10 million pa'anga (USD4.15 million) into Lulutai Airlines (L8, Tongatapu) in the absence of audited financial statements. Writing in the Matangi Tonga digital newspaper, Samiuela Tukuafu said the amount, comprising a TOP6 million (USD2.5 million) loan and a TOP4 million (USD1.68) equity investment, was significant enough to need a …

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Former bank official queries Lulutai Airlines investment

A former deputy governor of the National Reserve Bank of Tonga has queried why the State Retirement Fund tipped TOP10 million pa'anga (USD4.15 million) into Lulutai Airlines (L8, Tongatapu) in the absence of audited financial statements. Writing in the Matangi Tonga digital newspaper, Samiuela Tukuafu said the amount, comprising a TOP6 million (USD2.5 million) loan and a TOP4 million (USD1.68) equity investment, was significant enough to need a …

11 days ago

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ch-aviation broke the news in 11 days ago on Sunday, March 23, 2025.

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