Fenaka Corporation has denied allegations that they would be deducting 60 percent of basic salary from employees who go on annual leave.
A circular sent to employees of Fenaka stated that a board decision had been made to no longer issue 60 percent of basic salary amount to those who go on annual leave in accordance with the employee regulations. The circular, which had Fenaka Managing Director Muaz Mohamed Rasheed's signature, said that the issuance of this 60 percent of pay had been brought to an end effective yesterday.