Nadheem resigns as Chairman of Fenaka

Mohamed Nadheem has resigned from his post as the Chairman of Feneka Corporation.

No official announcement has been made regarding the decision. And the reason of his resignation is unclear at the moment.

However, “Sun” has received confirmation from an official in Fenaka Corporation that Nadheem handed over his letter of resignation this Wednesday.

Fenaka Corporation is going through major changes in its top management after being hit with allegations of mismanagement and corruption, notably the MVR 17 million that went missing after the money was issued by the corporation to purchase USD 1 million.

Former Managing Director of Fenaka Corporation, Ahmed Nimal was removed from his position on September 26, and replaced by Ahmed Shareef.