Former FBC CEO paid $224k in bonuses in 14 years
1 February, 2023, 2:48 pm
Former Fijian Broadcasting Corporation CEO Riyaz Sayed-Khaiyum was paid $224,792.84 in bonuses during his term at FBC which began in 2008.
He was due for a $30,000 bonus this year.
FBC chairman Ajai Bhai Amrit also revealed Mr Sayed-Khaiyum received a salary of $304,453.08 and paid a bonus of $25,671.28 during the COVID-19 pandemic.
He revealed this yesterday while speaking to the media.
Mr Amrit said FBC would have incurred a loss of a little more than $63 million if the company had not received annual grants from government.
He clarified questions regarding the purchase of a vehicle by the sacked CEO.
“The final price of the vehicle was $207,470.00 and the vehicle is at Customs,” Mr Amrit said.
“The vehicle will be tendered, I haven’t seen it yet.”
He said no staff would lose their jobs and the board was now dealing with the company’s annual reports and continuing investigations into its operations.