Head of state utility corporation replaced with former MP
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 reportedly been unable to recover MVR17 million released to a local company to purchase dollars.
27 Sep 2016, 9:00 AM
Mohamed Nimal, managing director of the state-owned Fenaka Corporation, has been dismissed from his post and replaced with former MP Ahmed Shareef Adam.
Shareef’s appointment was announced Monday by Mohamed Nizar, the president of the privatisation and corporatization board. The reasons for Nimal’s dismissal remain unclear. He has not been transferred to a different post.
The dismissal comes weeks after a US$1 million corruption scandal surfaced in local media.
The state utility company reportedly released MVR17 million to a local company to purchase dollars. But three dollar cheques made out to Fenaka with an invalid Mauritius Commercial Bank guarantee stamp bounced.
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