Paul Kaludjak, who began his 60-day suspension on Monday, claims he had a "gentleman's agreement" with Nunavut Tunngavik Inc. over the use of his corporate credit card. NTI disputed that claim in a statement Wednesday. ((CBC))

Nunavut Tunngavik Inc. is refuting claims by its president that he was unfairly suspended from his job over problems with his credit card account.

Paul Kaludjak was handed a 60-day paid suspension from the Inuit land-claims organization on Friday, after it was revealed that he had accumulated $51,893 on his corporate credit card.

Kaludjak told CBC News this week that he was using the credit card legitimately, mostly on business-related meals and entertainment, based on a "gentleman's agreement" he said he had with the organization.

But in a statement released Wednesday, NTI said it operates on approved policies only, meaning "there are no unwritten policies or so-called 'gentleman's agreements' outside the policies."

"If it is believed that certain benefits or agreements exist outside the policies, these should have been raised during the recent review of the relevant policies," the statement reads in part.

Entertainment budget in place

The organization's policies clearly state that NTI's corporate credit card is not to be used for personal expenses, according to the statement.

NTI's statement also points out that a $20,000 budget is set aside every year for the president's entertainment expenses. However, the organization did not specify how that money is allocated.

Kaludjak remains suspended until Oct. 30. His credit card privileges have also been suspended, and he is required to pay back the money by June 30, 2011.

As well, Kaludjak must surrender the use of his company vehicle, cellular phone, satellite phone and computer for the duration of the suspension.

First vice-president James Eetoolook has taken on the role of acting president while Kaludjak is suspended.