HDC Board comprises 10 members. All board members were suspended in December last year in connection with several corruption cases, though the suspension was lifted just four days later.
Mohamed Waheed, a board member of the Housing Development Corporation (HDC), has been removed from his post.
Privatization and Corporatization Board (PCB) said that the decision to remove Waheed was made today. However, the reason for his dismissal was not disclosed.
Waheed was appointed to HDC Board in December 2023. He had previously served in various positions, including at WAMCO and the Ministry of Housing.
HDC Board comprises 10 members. All board members were suspended in December last year in connection with several corruption cases, though the suspension was lifted just four days later.
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