Thilafushi Corporation’s MD and board members dismissed

Thilafushi Corporation Limited (TLC) Managing Director Ilham Idrees and four other members of its board have been dismissed from their positions.

A statement released by the Privatization and Corporatization Board stated that Idrees has been replaced with Abdulla Saleeh Jaleel as TLC’s Managing Director. The Board did not provide a reason for the dismissal of any of the board members.

Ilham Idrees was appointed to the post by former President Mohamed Waheed Hassan during his term in office.

It further stated that board members Ahmed Rasheed Hussain, Adam Thaufeeq, Ali Rasheed Ibrahim and Ahmed Musthafa have also been dismissed.

The Privatization and Corporatization board – mandated with privatizing and corporatizing state enterprises, and monitoring and evaluating them – is compiled of seven members appointed by the President.