STELCO Managing Director Hussain Fahmy denied social media claims that he bought an expensive apartment worth MVR 8.5 million shortly after taking office, calling the allegations baseless and politically motivated. He said the apartment was bought several years ago during former President Abdulla Yameen Abdul Gayoom's administration, with payments made well before his current role.
One outlet so far Only The Standard has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
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The social media claims suggested that Fahmy had acquired an apartment worth MVR 8.5 million upon assuming his position as STELCO MD.
Word for word from the report in The Standard. Open the report
Fahmy addressed the rumors in a statement posted on X, where he described the claims as baseless and politically motivated.
Word for word from the report in The Standard. Open the report
