Saturday, January 03, 2009

Singapore NKF scandal


1. Only 10% of every dollar had gone to healthcare in Singapore's National Kidney Foundation (NKF).

2. "Squeaky-clean" Singaporeans consider the scandal a national shame.

3. Former CEO of NKF, TT Durai, drew a yearly salary of S$600,000, together with perks, including first-class flights paid for by donor funds, and the upkeep of his Mercedes.

4. The scandal shows that abuse of funds can happen in any charity in the world. It all depends on the people handling the money; how ethical they are.

Reference: http://www.littlespeck.com/content/politics/CTrendsPolitics-070113.htm

The Star, 23rd December 2008.

No comments: