By Jomo Paul
[www.inewsguyana.com] – Minister of Public Infrastructure, David Patterson has announced that under the former People’s Progressive Party/Civic (PPP/C) administration, former Chief Executive Officer (CEO) of Guyana Power and Light (GPL), Bharat Dindyal was paid an annual salary of over $73 million.
Patterson made the disclosure while delivering his budget 2015 debate speech, where he stated that he felt obliged to clear the air on the issue before it brews out of control.
Dindyal was fired by the government less than two weeks ago after it was discovered that his contract had expired since December 2014 and he was working at the behest of Former Prime Minister Samuel Hinds after the two made a verbal agreement for a six-month extension on the contract.
Patterson, during his speech, revealed the mega salary of Dindyal while noting that GPL’s Board of Directors recommended that the CEO be dismissed. Among the reasons for Dindyal’s dismissal was his “autocratic” style of management, and failure to respect the Board of Directors, the Minister revealed.
Patterson also noted that “in the last three years GPL failed to extend more than 40% of its maintenance budget.”
Turning his attention to Dindyal’s remuneration, it was revealed that the former CEO pocketed $3.8M in basic salary, $875,000 in monthly gratuity, $500,000 for accommodation, security allowance at $525,000, leave passage at $210,000, and medical allowance at $210,000.
This would take the Former CEO’s monthly salary to a staggering $6.1M and annual earnings to $74.3M.