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Former FBC CEO, CFO released under strict conditions

Broadcast United News Desk
Former FBC CEO, CFO released under strict conditions

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Former Fiji Broadcasting Corporation chief executive officer Riyaz Sayed-Khaiyum and chief financial officer Vimlesh Sagar were released on strict conditions at the Suva Magistrate’s Court yesterday.

The two were formally charged by the Fiji Independent Commission Against Corruption (FICAC) and appeared before Magistrate Krishan Prasad in two separate cases.

Devanesh Sharma and Gul Fatima represented Sayed-Khaiyum, while Sagar was represented by Ritesh Singh.

In the first case, Sayed-Khaiyum was charged with one count of abuse of position and one count of general fraud causing loss, while Sagar was charged with one count of general fraud causing loss.

Sayed-Khaiyum allegedly initiated five legal actions to the detriment of FBC’s rights without the knowledge and approval of the FBC board, making a profit of $138,813 between July 1, 2017 and January 31, 2023.

On another count of general fraud resulting in losses, it is alleged that Sayed-Khaiyum knowingly initiated legal proceedings that were not in the interests of the organization, resulting in losses amounting to $138,813.37.

It is alleged that Sagar approved the payment of $15,075 to lawyer R Patel despite knowing that the loss would occur.

In the second case, Sayed-Khaiyum was charged with one count of abuse of position and one count of general fraud causing loss, while Sagar was charged with one count of general fraud causing loss.

It is alleged that between September 1 and November 11, 2022, he committed arbitrary acts for profit by procuring a vehicle for $207,470 by bypassing the bidding procedures in the financial manual of FBCL and these acts were prejudicial to the rights of FBCL.

On the other count, it is alleged that during the same period, Sayed-Khaiyum purchased a vehicle that was not in the interest of FBCL, thereby causing loss to FBCL in the amount of $84,470.

It is alleged that Sagar caused losses to FBCL between October 1 and December 1, 2022 by dishonestly sanctioning payments related to purchase of vehicles.

Both were released on $5,000 non-cash bail and posted two bonds of the same amount in both cases and were ordered not to offend again and not to tamper with witnesses.

A cease-and-desist order was also issued and the case will be re-heard on August 26 to deal with the second phase of disclosure.

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