The latest HCT scandal concerns the millions of bucks that have been squandered on the pampered HCT management, when it is supposed to be used for the benefit of the students. The money, raised through the HCT100 project, is supposed to be spent responsibly on scholarships, to build programs, hire international experts, and the like.
The official blurb goes like this:
The HCT 100 was established as an exclusive group within the HCT Foundation.
We invite donors to join the HCT 100 by becoming one of the founding 100 members to commit AED one million each to the HCT Foundation over three years.
A contribution at this level will demonstrate a clear and resounding commitment to the human resource development of the UAE.
So what really happens? Kamali and his cronies divvy the booty up amongst themselves! Now you know why there is a freeze on salary increments. I seriously recommend that HCT staffers go to the HCT Foundation website and begin contacting the businesses that support it. Ask them what is going on, and they will report that it is a scam.
In fact, numerous companies have started asking where the money is going. They were promised all sorts of things before the infamous signings between Sheikh Nahayan and company representatives.
However, within a couple of months of signing, most companies began asking questions. The smart companies have stopped their payments, whereas the stupid and corrupt ones believe whatever they are told and keep paying.
In fact, most of the companies who make payments are actually doing business with HCT. So HCT gives millions of dirhams in business to a company, and the company returns a small percentage back to HCT.
It’s mostly banks and larger companies participating in this, but in order for international companies to do business in the UAE, they need someone to sponsor them. The signings are a confirmation of the agreement. So it's like a kickback or paying a tribute of some sort.
The beautiful trick here is that it’s quite difficult to prove a lot of this because the 'books' aren't open to the general public. However, check out the companies supporting this Foundations scam, then see if you can find out who does business with HCT.
I am sure Melanie Swan from The National would be keen to know, as she was interested about a year ago.