Fenaka Corporation hired 170 employees before September's election.
The Anti-Corruption Commission launched an inquiry more than a year ago into the theft of US$1million from the state-owned utility.
The State Electricity Company and Fenaka Corporation paid MVR20 million to Sharu Launch Services to buy dollars but cheques issued by the speedboat transfer company bounced.
Nadheem cited mismanagement by Fenaka’s staff as well as their refusal to consult the board and follow instructions on procurement of fuel by the president’s office
The dismissal of Fenaka Corporation's Managing Director Mohamed Nimal comes weeks after a US$1 million corruption scandal surfaced in local media. The state utility company has...
The state utility company has restored electricity on the southern population hub of Thinadhoo after a powerhouse fire left residents in the dark for four days....
