Irresponsible –part 2
Legally, there are two institutions ie Kashag and Public Service Commission(PSC), Central Tibetan Administration, Dharamsala, who can fill the “representative” post all over India, Europe, Nepal and North America.
In the past Washington DC’s representative post is appointed by Kashag. If Kashag can appoint someone they deem fit to serve Kashag they also have the power to terminate him or her without explanation. However if Kashag (Tibetan White House) appoints someone and PSC terminates that appointee then it creates a perpetual empty post-logically speaking. On the other hand if PSC appoints someone from the PSC employee pool (CTA gazette staff) Kashag is rendered redundant. What Kashag can do in case of insubordination from head of these special offices? It can ask PSC chairman to transfer recalcitrant employee and put someone else in his place. If PSC chairman also refuses to carry out the order, Kashag is helpless.
Insubordination is real and presents many hurdles to incumbent Kashag(current or future) to carry out its mandated policy. Inefficiency is a bureaucratic word but political word for it is sabotage.
On the other hand if all the representative posts are political appointee, every new Kashag will bring-in new blood and new perspective. Kashag can manage them and is more efficient. Of course, since these posts are political they should vacate the post after Kashag’s tenure is over.
Every time there is an election, embezzlements blames fly everywhere. Access to social media is easy, prevalent and with little knowledge of graphics they can manipulate media without any care for legal implication or damage it can cause to the individual- irresponsible. Let us all agree that money matter be left to the Audit Office. Such wild accusation with less truth and more Masala is driving everyone nuts. This helps no one.
For instance, Tibet Fund, NYC, NY, has made arrangement for a building in Washington, DC, for The Office of Tibet (OOT) which is paid for by Tibet Fund. Tibet Fund pays every year, starting 2017, US dollar $15,000 until 2021 and thereafter 395,000/. On march 31, 2014, Tibet Fund and OOT entered into a loan agreement for 1.5 million US dollar as loan receivable in black and white.
Here is the page 8 of the whole document.
NOTE 6 - OPERATING LEASES
The Fund leases office space in Washington D.C. from The Tibetan Community Development Fund, Inc. (The Office of Tibet) under a cancellable operating lease. Lease expense is recorded based on the signed lease agreement. The lease terminates in 2043. The rent expense for the year was $15,000 which is equal to the interest income related to the loan receivable (Note 7). The commitment under this lease is as follows:
2017 $ 15,000
Total $ 395,000
NOTE 7 - LOAN RECEIVABLE
On March 31, 2014 the Fund entered into a $1,500,000 Loan Agreement with The Office of Tibet to purchase a building that will then be partially subleased by the Fund (Note 6). The loan is partially collateralized by a lease agreement between the Fund and The Office of Tibet in an aggregate amount of $425,000. The loan matures on March 31, 2043 at which point the balloon payment of $1,500,000 will be due. The interest rate is 1% and the interest income for the year ended December 31, 2016 was $15,000. The amount outstanding as of December 31, 2016 is $1,500,000. The Fund, at some point, may convert this loan into a grant to The Office of Tibet.
Social media talks about “this 1.5 million”; some say it is the money lost; some say it is a loan; some say it is a grant by Tibet Fund; some say Sikyong did not report it to Kashag or Chithus; some say Penpa did the right thing by exposing the “truth” and that is the reason he was removed.
In reality, 1.5 million is neither a loan nor a grant. It reads “it is a loan at 1 percent interest rate given to OOT on 31st March 2014 by Tibet Fund.” But the very next line says, “The Fund [Tibet Fund], at some point, may convert this loan into a grant to The Office of Tibet.” It is there for the world to see- I saw it here: http://tibetfund.org/docs/Audited%20Financial%20Statement%20-%202016.pdf?a04e24
Loan or Grant: Money from Tibet Fund to OOT?
If you ask me, I can answer both. Did I commit a mistake? No. sometimes I can say it is loan, other times I can say it is a grant.
Mr. Penpa did not “expose the truth”. He did not read the lines properly, if he is talking about the above document, it is loan at this juncture but is also a grant as stipulated therein the document.
Here is the document in Pdf format for you to look at. Please READ page 8 which is relevant here