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Last updateSat, 24 Aug 2019 12am







    Friday, August 23, 2019-5:28:09P.M.






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Potential Rota investor subject of ‘inaccurate’ media report in Taiwan

THE Rota mayor’s office said Fortune Rota Corp., a potential casino investor, has been the subject of an “inaccurate report” published in Taiwan.

Efraim M. Atalig

“I assure those involved with Fortune Rota that our relationship is mutual and nothing less than excellent,” Rota Mayor Efraim Atalig said in a statement. “I assure our utmost support to guarantee economic prosperity in our municipality.”

It was reported in Taiwan that Fortune Rota Corp. “hosted fundraising activities to cheat huge sums of money from prospective investors.”

In a separate statement, Fortune Rota Corp.’s chief executive officer Ken Lee denied the report, saying they will file a lawsuit in Taipei over “the untrue accusation.”

Fortune Rota Corp. chairman Chu Chih-Lin said the company never launched any fundraising activity, but “some people with ill intention want to slander our reputation.”

He said their development plan on Rota is a “pure and simple investment proposition supported by the local government.”

However, he added, “false allegations are causing severe impact on our international reputation, so we sincerely apologize for the inconvenience.”

He said the company’s investment plan on Rota “is intended to strengthen the bond between the United States and Taiwan.”

Mayor Atalig, for his part, said any land transactions on government land requires the approval of the Department of Public Land, and all money transactions pertaining to government land must be made payable to DPL.

He said any monetary transaction must be reported for tax purposes according to CNMI tax law.

Atalig added that the municipality of Rota has yet to see any casino gaming business on Rota in more than 10 years.