Durai secures
$25,000-a-month CEO job in Abu Dhabi
FORMER National Kidney Foundation chief executive TT Durai - who
was sentenced to 3 months' jail in June for deceiving the NKF, but
is now appealing his conviction - has secured a new high-paying
job.
The 59-year-old has accepted the position of CEO of a new
subsidiary company under Singapore-based real estate management
firm Property Facility Services (PFS) - a job which will pay him
$25,000 a month.
After the conclusion of Durai's appeal and possible sentence, he
will be based full-time in Abu Dhabi in the United Arab Emirates
(UAE).
This revelation came to light in Durai's affidavit tendered to the
High Court on Friday morning during his request for permission to
travel overseas while out on bail.
New pay, new perks
In a offer letter signed by PFS chairman Dr Albert Hong and
director Dr Shaika Al Maskari dated 21 June this year - ironically,
the same day Durai was sentenced to jail - PFS told Durai that he
would also be paid a 15 per cent share of the new subsidiary
company's annual net profits.
This new Abu Dhabi firm will be sponsored by Tricon Healthcare, a
member of the Tricon group.
Durai's contract is scheduled to run for 5 years from 1 August.
Some of his duties - to help PFS provide healthcare services, human
resource consultancy, manpower recruitment and other business
development projects in the Middle East region.
Besides the $25,000 monthly pay and a share of profits, some of
Durai's other perks include housing expenses, the use of a company
car and a reimbursement of his travel, accommodation and
entertainment expenses.
Durai accepted PFS' offer on 27 August.
Can you start work now?
His lawyer also included in his affidavit a separate letter by PFS
dated 13 August, informing Durai that it wants him to start work in
Abu Dhabi "as soon as possible" - pending the outcome of his
appeal.
In fact, until his appeal is settled, Durai's new employers have
told him his immediate services are "required" in the UAE for at
least 7 days straight every month, during which he would be paid a
pro-rated salary.
The court granted Durai's request to travel to the UAE, with his
$100,000 bail to remain.
"Confident" of appeal success
Durai also said in his affidavit that he feels upbeat about his
chances in his upcoming appeal against his conviction and 3-month
jail term - arguing that this means he has no reason to flee the
country.
He wrote: "I am advised by my Counsel and verily believe that there
are good prospects of appeal against my conviction... I am
confident of my prospects of success."
