Allegations of Corruption Rock Maldives Fisheries Corporation (MIFCO) as CEO Faces Suspension

CEO Ahmed Shamah Exposes Insider Dealings, Faces Retaliation from Decision Makers

Serious allegations of corruption and unethical practices have emerged within the Maldives Fisheries Corporation (MIFCO), implicating decision-makers in a scheme to profit illicitly from the sale of seafood to foreign markets. The controversy reached a boiling point when CEO Ahmed Shamah, in a bold move, attempted to expose the collusion during a meeting with potential buyers from Thailand, only to face suspension from his position.

According to sources close to the matter, MIFCO decision-makers have allegedly been enriching themselves through the sale of premium-quality fish under the guise of reject or lower-grade products to international buyers. This deceptive practice has reportedly resulted in substantial profits, with decision-makers pocketing millions in commissions.

Ahmed Shamah’s intervention came as a shock to those involved in the illicit scheme, as he sought to disrupt the unethical practices and uphold the corporation’s integrity. However, his efforts were met with resistance, culminating in his suspension from his role as CEO.

The revelation has sent shockwaves through the Maldivian business community and raised questions about accountability and transparency within MIFCO. Concerns have been voiced regarding the potential impact on the country’s reputation and the welfare of local fishermen who rely on the corporation for their livelihoods.

As the controversy unfolds, all eyes are on MIFCO and its leadership to address the allegations transparently and implement measures to prevent such abuses of power in the future. The outcome of this scandal could have far-reaching implications for the Maldives’ fishing industry and its standing on the global stage.

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