#header-inner img {margin: 0 auto !important; #header-inner {text-align: Center ;} Fiji Coupfourpointfive: Sayed-Khaiyum's Aunty doles out the dosh

Sunday, August 15, 2010

Sayed-Khaiyum's Aunty doles out the dosh

By Michael Field
Posted on his website on August the 7th


Voreqe Bainimarama is paying himself an annual salary of FJD$267,000.

Not bad, but not as good as his peon, Aiyaz Sayed-Khaiyum.

He pays himself FJD$336,000 per annum.
Makes you wonder who the boss really is? Whose coup is it?

The extravagant salaries for the two men are justified – in their eyes anyway – by saying that they collect payment for each portfolio they have awarded themselves.

In any other jurisdiction, this would be called looting, theft or robbery.

 
Peon Paymaster

You get the sense that the looters know they are at risk because they receive their cash via an unorthodox method, rather than through the Ministry of Finance.

An accountant, one Nur Bano Ali of BDO Ali, an accountancy firm, hands out the booty. BDO is part of a worldwide network of accountants; paymastering to a dictatorship is not, until now, been a major business focus for them.

BDO have also just won a big contract to reform Rewa Dairy.

Perhaps they are exceptional cost accountants, and brilliant at salary and holiday pay deductions, but more than likely it has something to do with the fact that Nur Bano Ali (pictured above left) is known to Sayed-Khaiyum as Aunty – she is his mother’s youngest sister.

Keep it all in the family….

While we’re talking about accountants, it's intriguing to notice that Ernst and Young in Suva have had to brush up a lot lately about money laundering and the law applying to
it. And their advice to the police was not invoiced; their accountants were being interrogated whether they liked it or not.

Not that Ernst and Young had anything especially on their conscience – just one of their high profile clients might be in serious trouble – unless Bainimarama and Sayed-Khaiyum can persuade (or direct) the fraud squad to turn a blind eye.

And surely, that is impossible? Bainimarama seized power to end corruption, right?

6 comments:

Mark Manning said...

If there pay was performance based, then both of them would be owing millions to the people of Fiji. (Edited) c4.

Anonymous said...

Guess their performance is based on how many trips they make to China in a year and talk about investments by the corrupt Chinese businessmen.

Watch out for the decline of the Fijian race as it will be replaced by Chinofijians!

Anonymous said...

Not suprising at all. Thats the one and only reason why they will keep deferring election. Democracy their ass, they are there only to fill their pockets.

Pacific in the Media said...

Joe - your comment is sexist and will not be posted.-C4 editor

Joe said...

Anyone who has tasted power(money) will not let go easily. My guess is that the election will be delayed by another 2 yrs, which will see Frank on par with MC moneywise. A handsome retirement package and also a perfect incentive for the next gun-trotting idiot further down the road, or "roadmap" I should say. I am sure aunty Nur briefed him on how to evade tax and settle overseas.

Anonymous said...

elections will not happen, fiji will slowly sink into its mess!rich will get richer, poor getting poorer,...look at how much these clowns are getting paid..filling their pockets before they flee when shit hits the fan....i know of various ways , of eradicating these clowns...getting ideas from underbelly series...this is the only way!