Honiara, Solomon Islands — The Solomon Islands Foreign Investment Division (FID) has publicly refuted the status of the SI Group Limited as an illegal entity.
In a Public Notice issued today, in response to direct enquiries about the company, the FID said that “the office of the Foreign Investment Division of the Ministry of Commerce, Industry, Labour and Immigrations wishes to advise the Public that we do not have any approval issued to a foreign entity called SI Group Limited”.
The notice said that their presence in Solomon Islands carrying out commercial activity without foreign Investment approval or company incorporation violates the laws of this country.
“The individuals carrying out misrepresentation of this foreign entity are required to cease immediately,” the notice warned.
The so-called SI Group Limited controversially entered into an MOU with the Solomon Islands Government without cabinet approval, when the Minister of Commerce, Industry, Labour, and Immigration was coerced to travel and sign an MOU with the group’s Executive in Vietnam recently.
Prime Minister Jeremiah Manele also recently dissociated the Government from any connection with the group.
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PUBLIC NOTICE – SIG GROUP status
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