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Former FBC chief Riyaz paid almost $225k in bonuses in 14 years

By Wata Shaw in Suva Former Fijian Broadcasting Corporation chief executive Riyaz Sayed-Khaiyum was paid $224,792 in bonuses during his term at FBC which began in 2008, the new board chair has revealed. He was due for a $30,000 bonus this year. FBC chair Ajai Bhai Amrit also revealed Sayed-Khaiyum, brother of former attorney-general Aiyaz

By Wata Shaw in Suva

Former Fijian Broadcasting Corporation chief executive Riyaz Sayed-Khaiyum was paid $224,792 in bonuses during his term at FBC which began in 2008, the new board chair has revealed.

He was due for a $30,000 bonus this year.

FBC chair Ajai Bhai Amrit also revealed Sayed-Khaiyum, brother of former attorney-general Aiyaz Sayed-Khaiyum, received a salary of F$304,453 (NZ$218,000) and was paid a bonus of $25,671 during the covid-19 pandemic.

Amrit revealed this while speaking to the media.

Amrit said FBC would have incurred a loss of 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 and the vehicle is at Customs,” 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.

Wata Shaw is a Fiji Times reporter. Republished with permission.


This content originally appeared on Asia Pacific Report and was authored by Pacific Media Watch.


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