BSP charged with breach­ing Trust Ac­counts Act 1996

Fiji Sun - - Business - RACHNA LAL rach­nal@fi­jisun.com.fj

The Di­rec­tor of Pub­lic Pros­e­cu­tions, Christo­pher Pryde, has sanc­tioned charges against a fi­nan­cial in­sti­tu­tion un­der the Trust Ac­counts Act 1996. The Bank South Pa­cific (BSP) is charged with fail­ing to com­ply with the re­quire­ments of open­ing a trust ac­count con­trary to sec­tion 3 (1) (c) of the Trust Ac­counts Act 1996. The mat­ter will be called for First Men­tion to­day at the Suva Mag­is­trates’ Court.

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