Fijian Broadcasting Corporation (FBC) board chairman Ajay Bhai Amrit says he has receipts to prove former FBC chief executive officer Riyaz Sayed-Khaiyum received an annual package of $387,790 including benefits and entitlements.

He said this worked out to $32,315 a month and that the board had evidence in the form of payslips and Sayed-Khaiyum’s contract.

Sayed-Khaiyum had denied the amount disclosed was what he received in salary.

In response to media queries about going public with Sayed-Khaiyum’s salary, Amrit said the people owned FBC as the public broadcaster and they had every right to know where and how their money was being spent.

He also said the $93 million that FBC received over the past 14 years would be closely scrutinised to see where the money went — a process which he said could take weeks.

Responding to a question from the media on claims made by Sayed-Khaiyum that the government left FBC “short changed”, Amrit said the corporation could not continue without government funding.

Government funding was about $11.2 million a year — almost $1 million per month.

Amrit said since the ex chief executive had taken the reins at FBC, it had received about $93 million in public service broadcasting funds, but it would not be known for some time whether the funds were used for public service broadcasting or for other things.

“It takes quite a long time to work out where that money is going, how it came in, what it was used for, and 100 percent we need to work on this but it will take weeks,” he said.

“It’s not a simple situation where I can sit down and say hold on, this money went yeah there, everywhere.

“It was used for various means so we’ve got to find out.”

Amrit said some of FBC best customers were government departments.

Ian Chute is a Fiji Times reporter. Republished with permission.

Article by AsiaPacificReport.nz

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 claimed.

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.

Riyaz Sayed-Khaiyum denies chair’s claims
FijiVillage News reports that Riyaz Sayed-Khaiyum said in a statement today that Amrit’s comments that he was being paid $32,000 a month in salary was “absolutely false”.

Sayed-Khaiyum said that under his most recent 3 year contract, which was approved by the previous board in late December, he was paid “nowhere near” what has been falsely reported.

He said that for all his contracts over the last 15 years of his tenure as CEO, FBC had been strictly sanctioned and approved by several boards with a clearly defined job description.

The former FBC chief executive said the board had always approved his salary, bonus and other entitlements based on performance and job evaluation reports.

He said the board also sanctioned every major development at the FBC over the past 15 years.

Riyaz Sayed-Khaiyum said Amrit’s allegation that Sayed-Khaiyum had received more than $304,000 in salary during the covid19 pandemic was also incorrect.

He said that during this time the FBC staff went through a 10 percent salary reduction for about half a year in order to mitigate the effects of the pandemic on their revenue, and he took a 12 percent salary reduction on his own volition.

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

Article by AsiaPacificReport.nz

Fijian Broadcasting Corporation (FBC) chief executive officer Riyaz Sayed-Khaiyum’s employment status has been terminated, new board chair Ajay Bhal Amrit confirmed today.

Amrit said in a statement that chief financial officer Vimlesh Sagar would act in the position until the board could “confidently appoint” a person with appropriate commercial competency and attributes needed to lead the company.

This decision was made following a board meeting with Amrit, Sayed-Khaiyum, executive directors and senior management team on Friday.

Amrit later said Sayed-Khaiyum was earning considerably more than government ministers and even the prime minister. Riyaz is the brother of former FijiFirst attorney-general Aiyaz Sayed-Khaiyum.

Amrit said this came as a shock to the new FBC board members and to most of the citizens of Fiji.

FBC grant to be reviewed
iHe said there were discussions with Prime Minister Sitiveni Rabuka and Minister for Finance Professor Biman Prasad and it was agreed that the government grant to FBC would be reviewed.

“The board will work with staff and management to ensure that FBC is a financially viable and a self-sustaining commercial business, while honouring its PSB [public service broadcasting] responsibilities,” he said.

He added that the public broadcaster FBC was willing to work with other media organisations to ensure that there was positive change to the current media laws as this would allow the newsroom to function in a fresh, balanced and new environment going forward.

“Our collective objective and commitment to our staff, shareholders, our valued listeners and viewers remains.”

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

Article by AsiaPacificReport.nz