Mohamed Sinan, who lost his seat as MP for Addu City Hithadhoo North constituency due to a debt ruling, has been appointed as the Managing Director of Agro National Corporation (AgroNat).
The appointment was made by the board of the Maldives Industrial Fisheries Company (MIFCO), following AgroNat’s restructuring as a subsidiary of MIFCO last month. Additionally, the MIFCO board has appointed its own Managing Director, Mohamed Anas, as the Chairperson of AgroNat.
MIFCO has released a social media post congratulating both individuals on their appointments to the top leadership positions at AgroNat.
The position of Managing Director at AgroNat became vacant following the dismissal of Hussain Didi on April 6. His removal followed the ruling party's poor performance in the local council elections.
Sinan’s appointment comes after the Supreme Court unanimously ruled that he had lost his parliamentary seat for failing to settle a proven debt in accordance with a court judgment. The five-judge bench that delivered the verdict was presided over by Justice Aisha Shujune Muhammad.
The case involved a MVR 5 million loan that Sinan had taken from Maldives Islamic Bank (MIB), which he failed to repay as ordered. He only settled the outstanding debt after the matter was filed with the Supreme Court.
