Muizzu denies asking ongoing projects halt
SOE committee of parliament is looking into complaints that the office of the president-elect is making it hard for state-owned enterprises to operate.
Top Stories
By
Mariyam Umna Ismail
President-elect Dr Mohamed Muizzu said on Wednesday that some projects in islands are being stopped and machinery is being unloaded, but he has not asked to do so.
After the final results of the presidential election, the Privatisation and Corporatization Board (PCB) issued a circular on October 5 asking state-owned companies not to do five main things, including not to start new projects. The office of the president-elect has also asked companies not to do 10 things.
Amid concerns and confusions over the directives, Muizzu said he has not ordered any project to be stopped or suspended. He said no one would issue such a notice on his behalf.
"I would like to reassure the people in connection with the false allegations that work is being stopped and machinery is being unloaded in some islands not because of my instructions," Muizzu said in a post on X.
In the transitional period as the new government prepares to take over, the state-owned enterprises (SOE) committee of parliament is looking into complaints that the office of the president-elect and PCB are making it hard for state-owned enterprises to operate.
The president-elect's Office on Monday asked state-owned companies not to do 10 things. These include:
-
1-
Announcing any new investment
-
2-
Announcing new projects or starting new projects
-
3-
Making any new investments
-
4-
Lease and sale of any land or property in the possession of the government
-
5-
Taking new loans
-
6-
A change in the employment structure of companies
-
7-
Recruitment of new persons to the jobs of companies and promotion of existing employees
-
8-
Issuing any debt waivers
-
9-
Amendment of the bylaws of companies
-
10-
Changing rules and regulations in-force in companies
