Ex-CEO got over $300k during COVID: FBC Board

January 31, 2023 12:40 pm

FBC Board Chair Ajay Amrit.

The Fijian Broadcasting Corporation Board has announced that the fired CEO, Riyaz Sayed-Khaiyum, received a shocking salary of $304,453.08 and a bonus of $25,671.28 during the COVID year.

Chair Ajay Amrit says this is shocking given that most people took a pay cut during this period.

Amrit says Sayed-Khaiyum was due to receive an estimated $30,000 to $35,000 in bonus this year.

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He claims that they have calculated and estimated that the total losses incurred would be $ 63,152,072.00 if the government were to cease grant.

The board reassured the staff that no staff would lose their employment contracts and that the board would deal with the financial report.