Breaking news reveals that an independent financial investigation/audit conducted by KPMG found NKF (headed by the ex-CEO TT Durai) committed acts of corporate misconduct.
KPMG found that there were instances where staff and volunteers were given contracts or projects for various inexplicable reasons; some staff were given matrimonial or bereavement packages for “whatever reasons”, some were given exit bonuses (the titular Golden Parachute) of sometimes up to ten months salary.
Durai himself was awarded 6 months bonus for his work in getting a record donation haul one time of about $16mil. That year he earned more than a million in salary alone.
Yes, there are calls not to mistake the previous NKF for the current NKF. That I agree. However, the results of the KPMG report basically spell misconduct. In countries where huge corporations have fallen due to misconduct (Enron, WorldCom, etc), their CEOs were trialed and convicted of corporate misconduct and jailed!
This isn’t a witchhunt, but one of culpability. The guilty cannot be allowed to run away scot free. The public needs it. Nay, demands it.
