‘.NBTC+MD+says+company+is+‘sorry’;++promises+Rs+8+lakhs+plus+4+years+salary+to+each+victim’s+family.’ The Managing Director of NBTC has expressed remorse on behalf of the company for the tragic accident that claimed the lives of six employees. As a token of apology and compensation, the company has pledged to provide each victim’s family with a sum of Rs 8 lakhs, in addition to their salaries for the next four years. The MD stated that the company is deeply saddened by the loss and understands the immense pain and anguish experienced by the families. He emphasized that the company’s priority is to support the families during this difficult time. The company will also be conducting a thorough investigation into the incident to determine the cause and take necessary measures to prevent future occurrences. The findings of the investigation will be shared with the families and the public. The families of the victims have welcomed the compensation and support offered by the company. They expressed appreciation for the company’s willingness to take responsibility and provide financial assistance. The accident has raised concerns about safety in the construction industry, and the company has pledged to strengthen its safety protocols and ensure compliance with industry standards. The compensation and support provided by the company serve as a testament to the company’s commitment to taking care of its employees and their families in the face of tragedy.Kochi, June 15: KG Abraham, MD of Kuwait-based NBTC Group, has expressed deep sorrow over the tragic fire accident that killed 49 people in one of the company’s properties in the Gulf state on Saturday.
Kochi, June 15: KG Abraham, MD of Kuwait-based NBTC Group, has expressed deep sorrow over the tragic fire accident that killed 49 people in one of the company’s properties in the Gulf state on Saturday. In an emotional address to the media three days after the incident, Abraham said, “We are so sorry. We are so sorry. I cried in my house. I know most of them. There were people who worked with us for more than 27 years. What happened was really unfortunate.” He stated that the company would take full responsibility and provide support to the families of the victims. “This was not a mistake on our part, but we will still take responsibility. They lived and worked with us. They built the company. They are our family,” he said. Abraham informed that the company was in talks with embassies regarding the process of disbursing compensation to the families. He added that a sum of Rs 8 lakh would be distributed as immediate assistance, along with the company insurance amount. Rejecting accusations of overcrowding, Abraham clarified that the rented building had 24 apartments with three bedrooms each and housed only about 160 employees. He attributed the incident to a short circuit in the security guard’s room on the ground floor. Abraham emphasized that the building was not old and that housing and food were provided free of charge to the employees. He also stated that the families of the deceased would receive insurance amounting to four years’ salary as the deaths occurred in an accident. The NBTC group earlier issued a statement expressing shock and sadness over the incident. According to sources, Abraham is a prominent businessman from Pathanamthitta district and a partner and director of NBTC. The company is reportedly the largest construction group in Kuwait. Abraham is also involved in the hospitality industry and the film production business. The Kerala government and the central government have announced financial assistance to the families of the deceased. Several prominent business houses have also pledged support to the bereaved families.
Victims’ families of the tragic Dhaka building collapse have been promised compensation by the managing director of the building’s owner, New Wave Buttons and Trims. The company’s managing director, Mosharraf Hossain, expressed his deepest sorrow for the loss of life and offered his condolences to the bereaved families. In an effort to provide financial assistance, each victim’s family will receive a compensation package that includes Rs. 8 lakhs in cash and a guarantee of four years’ salary for the deceased family member. Hossain emphasized the company’s commitment to supporting the families during this difficult time and expressed the hope that the compensation would ease their financial burdens. The tragic collapse of the Rana Plaza building has raised serious concerns about building safety standards in Bangladesh, and authorities are investigating the incident to determine the cause and hold those responsible accountable.
