…admin officer gets $2.5M, Exec assistant $1.8M per monthThe question of super salaries has raised its head once again, with the revelations that State Assets Recovery Agency (SARA) officials earn almost $5 million a month in salary and benefits and the wage bill was over $200 million in one year for the Agency.This came to light in the National Assembly on Monday during the consideration of the budget estimates for the Legal Affairs Ministry. Attorney General Basil Williams was interrogated by his predecessor, Anil Nandlall about various allocations.One that stood out was the sum of $285 million allocated under line item 6321, ‘subsidies and contributions to local organisations’. Asked to explain which organisation the money was going to, Williams revealed that it was earmarked for SARA.He noted that $10 million of the amount was for capital expenses, while the remaining would be for current expenditure. An incredulous Nandlall requested a breakdown of this amount. It was then that Williams revealed of the current amount, $225 million would be spent on wages and salaries for SARA employees in just one year.“The post of Director, the salary and benefits is $4.7 million per month,” Williams revealed. “The special assistant, that amount is $3.3 million; executive assistant, $1.86 million; Deputy Director, $3.3 million.”Williams also noted that another executive assistant was earning $688,000, while the Chief Administrative Officer was carrying home $2.5 million. In addition, SARA’s Legal Adviser earns $3 million, while a lawyer in the Agency earns $1.4 million and an administrative officer, $679,000.The Director of SARA is Professor Clive Thomas, who was at one time also Chairman of the Guyana Sugar Corporation (GuySuCo). Thomas was also appointed a Presidential Advisor when the coalition Government came to office in 2015. SARA’s Deputy Director is Aubrey Heath-Retmeyer.It was just recently that audit firm Ram and McRae suggested that SARA be scrapped altogether and its functions transferred to the Special Organised Crime Unit (SOCU), in its published ‘budget focus’ review of Budget 2019.The firm had cited some qualms with SARA, including the Agency’s failure to have its annual plan and Code of Practice tabled in the National Assembly. Pointing out that the $285 million the agency is set to receive in 2019 is an increase from last year’s amount, Ram and McRae was critical of this lapse.Also, the firm had been of the view that SARA has failed to live up to its expectations of even recovering assets.
Latest Sports NewsSports BusinessNewsSport Latest Sports News By Kunal Dhyani – February 14, 2019 PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know TAGSNational Basketball AssociationNBANBA All-Star 2019NBA PartnershipsPuma Partnerships SHARE Cricket Football Share on Facebook Tweet on Twitter F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd BCCI to form committee to take call on compensating domestic cricketers The National Basketball Association and PUMA have announced a new multi-year partnership that will make the German footwear and sportswear brand an official marketing partner of the NBA“We are thrilled to partner with the NBA to bring PUMA to the next level in our re-entry to the basketball market,” said Adam Petrick, Global Director of Brand and Marketing at PUMA. “This partnership is a testament to the continued resurgence of PUMA within the basketball industry.” Tokyo Olympics: Deepika Kumari to be sole entry to Tokyo Games as Indian women’s recurve team fails to qualify Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country Cricket Bengaluru PUMA announces multi-year association with NBA ISL: Sunil Chhetri extends Bengaluru FC stay until 2023 Facebook Twitter WI vs SA 2nd Test Day 3 Live: Start delayed due to wet outfield, SA lead by 149 runs – Follow Live Updates Cricket RELATED ARTICLESMORE FROM AUTHOR YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredUndoDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredUndoPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredUndo by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One ShoppingUndoMicrosoftBring your desktop to life with Bing WallpaperMicrosoftUndo24/7 SportsIt’s Amazing To See How These NBA Stars Have Changed Since College24/7 SportsUndoAs PUMA makes its way back into the basketball landscape, the collaboration fosters a relationship that will continue to accelerate the growth of PUMA Hoops within the sport. Through this partnership, PUMA will now be able to feature athletes in their respective NBA uniforms and team logos. Additionally, the brand will be able to curate authentic and original content that will allow better story telling of the company and their athletes, NBA has stated in a Press release.Also Read: Manchester City owners lead investors in $115 million sports fundNBA Sponsorships: AT&T replaces Verizon as Wireless Telecom PartnerTwo Indians among 63 kids picked for NBA’s global camp“PUMA played an important part in the early footwear culture of the NBA,” said Dan Rossomondo, NBA Senior Vice President, Media and Business Development. “As PUMA expands its presence in the basketball market with new player relationships and a new line of basketball sneakers, becoming an official footwear partner of the league was a natural next step to help amplify the brand’s return to the category.”PUMA re-entered the basketball market in October 2018 with the launch of its first signature shoe – the Clyde Court Disrupt and recently unveiled its second basketball shoe, the Uproar Charlotte, ahead of NBA All-Star 2019.The new model highlights the style of this generation, while also paying tribute to Charlotte’s basketball roots. The sleek design showcases colors from the city’s past and present and offers premium sneaker technology for top notch performance. PUMA plans to roll out more variations of basketball sneakers throughout 2019.Also Read: Kobe Bryant’s sports academy venture to have esports facilityNBA launches on Sony ‘This Is Why We Play’ campaign for India marketNew York Knicks most valuable NBA team at ₹28,000 Cr : Forbes Football Tokyo Olympics: BCCI provides fuel in Indian Olympic flame, to contribute Rs 10 crore Latest Sports News Cricket Formula 1 Euro 2020, Switzerland vs Turkey LIVE: Must-win game for both teams, Kickoff at 9.30PM IST; Follow Live Updates Previous articleSindhu begins campaign in Senior Nationals with an easy winNext articleRolex gets a partner for Federer on brand endorsement court Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. WTC Final Live- Ind vs NZ: Kyle Jamieson bags 5th five-wicket haul in 8th Test, rattles India in WTC final