$5.78 million paid in dividends is accounted for - Singh

Air Terminal Services Employees Trust Chairman Jay Singh says the reason he did not declare that he applied for the ATS CEO’s post in the ATS board meeting in May last year was because majority shareholder board directors had moved a motion for the meeting to be adjourned.

Singh who attended ATS board meeting on that day as an alternate board director says in the meeting they had an agenda for the meeting and they had asked to appoint the chair first and then go to the other parts of the meeting.

Singh also says they have documents to show that the $5.78 million paid in dividends is accounted for.

Meanwhile, ATS Chairman, Riyaz Sayed‑Khaiyum says he has not seen the press conference by Jay Singh and he will comment later.