National Federation Party candidate in the upcoming General Elections, Semi Titoko who is charged with one count of money laundering and one count of conversion has been released on bail.
Titoko and Aporosa Ratuvikau who has been charged with money laundering appeared before Magistrate Lisiate Fotofili this afternoon.
The state did not object to bail and both men have been released with a bail bond of $5000.
The men allegedly deceptively obtained more than $120,000 from a woman’s trust account.
For the first count of money laundering, Titoko is alleged to have fraudulently converted more than $120,000 that was entrusted to his firm for safe custody under the victim’s trust fund to his own use and benefit sometime between July 2017 and June 2018.
For the second count of money laundering, Titoko is alleged to have engaged directly or indirectly in transactions involving more than $120,000.
The second accused Aporosa Ratuvikau who is an accountant at Titoko’s law firm’s faces one count of money laundering for allegedly engaging directly or indirectly in transactions involving more than $120,000.
National Federation Party Leader Professor Biman Prasad says it is rather unfortunate that this has come at this point in time.
Prasad says he has not spoken to Titoko yet and he will do so later today.
He says they will take it up from there.
