Business Politics

Resignation of ports company head prompts reshuffle

March 01 2017. Post by Mohamed Junayd (No relation)

Mohamed Junaid, the chief executive officer of the scandal-ridden state-owned Maldives Ports Limited, has resigned in the wake of a widely publicised feud with a ruling party lawmaker.

Confirming his resignation on Tuesday night, Junaid told the Maldives Independent that he wants to focus on his personal business.

“I have to be more involved in my personal and family businesses. At the moment MPL is doing well, offloading containers is the fastest it has been ever. So it is all good. MPL has a good future,” he said.

Mohamed Nizar, president of the Privatisation and Corporatisation Board, announced Wednesday morning that Ibrahim Abdul Razzaq Haleem has been appointed as Junaid’s replacement.

Razzaq was the managing director of the state-owned Maldives Roads Development Corporation. Deputy Tourism Minister Mohamed Nimal has been appointed to Razzaq’s old post.

Nimal, who was previously the managing director of the state-owned Fenaka Corporation,  resigned in September, after a corruption scandal involving the loss of MVR17 million (US$1.1 million) through a foreign currency exchange scam broke in local media.

He was later appointed as deputy minister of tourism.

Razzaq was previously the CEO of the Maldives Transport and Contracting Company. He was appointed to the MRDC after the Anti-Corruption Commission sought corruption charges against his predecessor, Ibrahim Nazeem, who was appointed deputy minister of housing.

Full details are available from the link below:

Source URL:  Maldives Independent

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