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Fenaka Chairman Resigns After ACC Launches Probe Into Theft Of USD 1 M

in Mas-Huni Brief by

Chairman of Fenaka Corporation, Mohamed Nadheem has resigned after anti-graft watchdog Anti-Corruption Commission (ACC) launched a probe into theft of USD 1 million from state coffers.

Photo Courtesy: Fenaka

  • No official confirmation has been made in this regard and the reason for the same is stated to unclear
  • Nadheem is the husband of former President Maumoon Gayoom’s daughter Yumna Maumoon
  • The company is undergoing major changes in top management after the allegations of corruption
  • MVR 17 million issued by the corporation USD 1 million went missing in August this year
  • Former Managing Director of Fenaka Corporation, Ahmed Nimal was removed from his position on September 26

Nadheem in his resignation letter to Privatisation board said:

Since my appointment to the post on December 25, 2013 I have performed my duties sincerely, to the best of his abilities. He said that he worked with the aim of achieving goals, related to the company, outlined in the Progressive Party of Maldives (PPM) manifesto. With the help of the company’s board, I tried to make the 24-hour electricity pledge a reality. I worked for the betterment of the Maldivian people.

Ex-Home Minister Naseer Hits Out At Prez Yameen For Price Hikes

in Mas-Huni Brief by

Former Home Minister Umar Naseer has hit out at government for cutting down subsidies on food and electricity leading to massive outrage among common people.

Umar Naseer

  • Umar said price hike is like double defeat to the people of Maldives
  • He said it does not matter who does it – Abdulla Yameen, Abdul Gayoom or Mohamed Nasheed – a bad thing would be a bad thing.
  • Sharply targeting Nasheed as well , he said that there is not much difference between the economic policies of the former and Yameen.
  • He reminded of the time under Nasheed when people outraged after the electricity prices were hiked then against the poll promises.

Read full story at Sun Online

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