Former FBC CEO paid $224k in bonuses in 14 years

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.