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NewsFormer MWSC chief slams ‘misguided' buyback of Hitachi stake
Former MWSC chief Abdul Matheen criticized President Muizzu’s plan to buy back Hitachi’s 20% stake, calling it a "misguided" move during a financial crisis. He argued that spending millions is illogical while the state seeks budget support and blamed the decision on poor corporate governance and political interference in state enterprises.
BusinessMTDC board member resigns, citing management misconduct
MTDC board member Asami Rushdee has resigned, accusing management of providing misleading information and ignoring board directives. She specifically opposed a proposed rights issue, claiming it harms general shareholders. Her departure follows disputes over the management of Ayada Maldives and transparency regarding share issuance.
