Yep, there will be no prosecution if there is no direct taking of monies. There will be no legal wrong if the board has approved NKF CEO's purchases of the golden taps with donation monies because there is no direct taking of monies.
The Parliament too has also passed their own ministers' million-dollar salaries, bonues and gratuities after two terms so will HDB golden hand shakes of 45 monthd eill be in order too as they were passed by someone else so there is no so-called conflict of interests fined under the Company Act.
So with such happening within parliament, how can anyone be charged for self-rewards of their own board salaries or increments or bonuses. The rest of the people who do not follow this rule of law will be criminals.
So in NKF the self-rewards of golden taps or other benefits like excessive salary increments or bonuses from donation monies will not be prosecuted because they follow proper procedures as the ministers have done in parliament. What is important is the motion should be legally passed by a higher authority.
When men want to get rewards, they must know how to do it by following proper procedures. This is called rule of law as it will not be right to stop them as otherwise there might be corruptions.