The Privatization and Corporatization Board announced the dismissal of Vitaliy Lyubimov as CEO of the state-owned Maldives Industrial Fisheries Company in a post on X, without giving a reason. The article reports that MIFCO, established in 1993, remains one of the worst financially performing state-owned enterprises and that a 2022 audit found it lacked sufficient assets to settle its debts.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
MIFCO CEO Vitaliy Lyubimov shakes hands with staff members at Kooddoo Fisheries Complex during his visit to the facility on 27 January 2025.
Word for word from the report in Maldives Republic. Open the report
The PCB announced Lyubimov’s removal in a brief post on X late on Monday but did not provide a reason for the decision.
Word for word from the report in Maldives Republic. Open the report
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Lyubimov, the first foreign CEO to lead MIFCO in its 32-year history,
Word for word from the report in Maldives Republic. Open the report
MIFCO was established in 1993 following the Fisheries Projects Implementation Department (FPID) scandal
Word for word from the report in Maldives Republic. Open the report
Earlier reports gave 1993 year 9 Dec, 13:34 The Standard
Matched by the words in headlines, so one may be about something else: check each.