Maldives sacks heads of state companies

Privatization board has sacked the head of the state companies nearly a week after the inauguration of Ibrahim Mohamed Solih as the archipelago's seventh president.

The board had removed Managing Directors and Chairmen of a total 11 state companies which included State Electric Company Limited (STELCO), Island Aviation Services, Maldives Transport and Contracting Company (MTCC), Housing Development Corporation (HDC) and Dhiraagu.

Heads of some state companies had resigned shortly after Solih had pulled off a stunning victory in September's presidential elections.