Singapore Charity Says Former Managers Will Repay Losses
February 9, 2007
The National Kidney Foundation, Singapore’s largest charity, said it won a civil suit against four former senior officials who allegedly mismanaged the organization, leading to losses of about $7.8-million, reports the Associated Press.
The foundation said the defendants agreed to pay damages to the charity and that a hearing will be held to assess the damages. The news wire said the defendants could not be reached for comment.
