High bonuses, travel expenses under scrutiny in orphans’ foundation
Directors and senior officers of the Malaysian Islamic Economic Development Foundation have been paid large bonuses and allowances that are unbecoming of the organisation's status as a charity foundation. – The Malaysian Insight file pic, May 11, 2019.
LARGE bonuses of between RM250,000 and RM400,000 a year were paid to the management and senior officers at the Malaysian Islamic Economic Development Foundation , a charity trust fund with various investments used to fund orphans’ welfare. The Malaysian Insight obtained a report on the foundation’s restructuring plan which said directors received RM400,000, senior officers RM250,000, the director-general RM100,000 and others in senior positions RM35,000.
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