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.
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.