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/ Tuesday, July 12, 2005 /
"
SINGAPORE : The National Kidney Foundation's (NKF) defamation suits against the Singapore Press Holdings (SPH) came to abrupt end on Tuesday at the High Court.

This, after its CEO TT Durai admitted during intense cross examination that some of the fittings in its headquarters, which were highlighted in a Straits Times article, were indeed extravagant for a public charity.

The article spoke of a glass panelled shower, a pricey German toilet bowl and a gold plated tap. Mr Durai finally withdrew both his and the NKF's case against the SPH and its journalist Susan Long.

...

The court also heard the NKF had a fleet of eight cars and drivers, which Mr Durai and its visiting guests and VIPs could use.

NKF also paid for the road tax, repair and maintenance for Mr Durai's personal Mercedes Benz.

On NKF's reserves, the court was told it stood at $262 million as of July 2005.

...

For that year, the NKF received $24.4 million for patient fees for dialysis but spent some $31 million for these operations. So even if it was out of pocket of $7 million to $8 million per year, NKF's current reserves were sufficient for at least 30 years.

But Mr Singh says the organisation has been telling Singaporeans its reserves won't last more than three years, according to statements made by its officials.

"
-By S Ramesh, Channel NewsAsia. 12 July 2005, 1823 hrs.

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