The Chairman of the Fijian Broadcasting Corporation Board Ajay Bhai Amrit has today confirmed that the staggering grant or fee of $93.782 million in taxpayers money to FBC from 2008 did not include government advertising money.
FBC receives government advertising mone on top of the public service broadcasting grant or fee.
Amrit and the rest of the new Board were officially welcomed by FBC today.
He also highlighted that if there were no government grants provided then FBC would have made a loss of $63.125 million.
Amrit has said it became quite obvious to them that without the public service broadcasting cash injection from Government over the past years, the limited liability company would be classed as being technically insolvent.
The FBC Chairman says the leadership over the past 10+years has totally relied on Government revenue to continue its operations, and this is certainly not what the new board’s intent is.
When asked if the new Board will audit the loan FBC took to expand its radio operations and start the TV station and where and how the money was used, Amrit says he cannot comment as that is under investigation.
