N.K.F II return of the tap

http://www.mrbrown.com/blog/2005/07/nkf_drama_ends_.html
The above is damn funny.

Anyway i have been reading up on the continuing saga of Miracle Dude Durai, i doubt that he will be eating a very expensive dinner tonight, maybe just a little crow.
The NKF board should now publish a fiancial statement, they should clarify that they arpproved all fiancial transactions between the NKF and Dude Durai, they should clarify all the perks that he is entitled, including the first class travel, car and everything else. From what i understand his perks are pretty standard for a CEO for a company that handles this kind of cash, also his bonus i am sure is based on the amout raised for the nkf, this should be published. While i know that there is no legal reason to do so, at this point it is the only way for the NKF to regain the confidence of the public(me). IF we are to take Dude Durai at his word, then he himself removed the pricey fittings from his office bathroom, but looking at the pattern as proven in court, first class flight, great bonus, two cars (one his own but payments for tax and the like handled by NKF) it is possible that this guy does enjoy the good life, it is also entirely possible that someone within the NKF may have thought that he would want these items and so placed them there. With regards to his being involed with other companies that make a profit from NKF, if the board has approved such an arrangement and it is legal so be it, though to me it seems to be a pretty sticky wicket.
Legally maybe everything is hunky dory but in the many coffeeshop courtrooms or taxi tribunals its just not cricket.

Below is an except from the court proceedings, intersting theroy durai has...........

To Mr Davinder Singh's question on what the agenda was, Mr Durai said: 'NKF has been a strong supporter of MediaCorp, working with MediaCorp. SPH has its own TV station, MediaWorks. And they probably have strong reservations about with whom we work.' He added that SPH 'feels they are the regulating body on matters of how charities are run. They believe that they have strong views on how charities should be run. I believe they want to be the fourth estate, they are the determinants of public interest, determinants of transparency'.
damit this Davinder dude is scary man
Davinder Singh: NKF's point (on Aviva) was given due publicity, notwithstanding that there were two different views. Therefore, after the public knew what NKF's position was, there remains this difference of opinion, this controversy. Now you don't really mean that this was wholly manufactured by SPH, surely, Mr Durai?

T.T. Durai: Yes.

Davinder Singh: Thank you very much. Would you also agree with me since we are on this issue that SPH did not manufacture the controversy relating to your reserves, because you have alleged that? The reserves issue was also brought up by SPH in the papers.

T.T. Durai: Yes.

Davinder Singh: Is it still your position that SPH manufactured this controversy relating to your reserves?

T.T. Durai: Yes.

Davinder Singh: It is. Right. Then let us start. Was it SPH who initiated the story of the reserves?

T.T. Durai: SPH reported the articles...

Davinder Singh: The story of the reserves came up in another publication, Salt... NKF's reserves were $189 million as at 2002. Right?

T.T. Durai: Yes.

Davinder Singh: And if that is correct, you must accept that ST would then have a duty to communicate the information to the public at large.

T.T. Durai: To your explanation, you are right.

Davinder Singh: Therefore, SPH was only doing its duty.

T.T. Durai: You are right.

Davinder Singh: They didn't manufacture the story out of thin air to do you in.

T.T. Durai: Right.

Davinder Singh: Thank you very much. What SPH was doing was merely picking up on stories which you accept are of tremendous public interest.

T.T. Durai: That is so.

Davinder Singh: And you would likewise withdraw the allegation that SPH had an agenda against you.

T.T. Durai: Yes, I would think so.

Each year it costs NKF $31.6 milllion to treat its dialysis patients, but the patients pay about 75% of the bill, leaving NKF only $7.2m to take care of.

Should he resign? in my op no if he belvies he is right he should stay, if he did whatever is spelt out in his contract than he should stay and the board should step aside, but the best thing for the NKF would be if he took the bullet and left...i guess we will know public opinion tom, there is another show i wonder how much they will collect.