It is not often (in fact this is a first) where Raw Fiji gets it right. The rot at TFL has to stop. The story below has been confirmed by one of our regular bloggers, however there is much more to come. The CFO Kapila sri Chandrasekera has a lot of explaining to do. The Government and ATH need to seriously look at the situation. It is well known that the CFO was close to Felix Anthony and has crooked the books for years.
Sa dina !!from one of my mates inside TFL its true that that their CFO kapila is the culprit who should be held accountable and sent packing home.
Brought in by joe mar he pounces around as telecom expert !! and has hoodwinked the board into extension of his contract for another term with some $300k package .and TFL is cutting costs by sending 170 staff home. TFL will save $300k by sending kapila back to sri lanka where he belongs .kapila runs the place and its acting CEO has no idea of finance and so totally relies on its kapila for direction.
kapila sucessfully engineered key finance staff into redundacy so there is noone left but him when it comes to sucession .
So ATH needs to wake up and do the right thing .
ATH AGM is coming up and I am hoping shareholders raise this and pass resolutions to fire kapila for showing dismal results from $32m to $9m profit down.