A no-confidence vote to remove Maldives Media Council (MMC) President Shahbaan Fahmy from the council has failed.
The council began the process of removing Shahbaan from the MMC membership when authorities said Kings Forex Trading Company, in which he had a stake, ran an illegal investment scheme.
The Kings Company was suspended as their business activities, which had characteristics of an investment scheme, were being conducted as a Ponzi scheme. The company is now being investigated by the police and other relevant authorities. The police have charged Shahbaan, his brother, and former Feydhoo MP Alhan Fahmy with money laundering.
In an emergency meeting held by MMC, eight out of 12 members present at the meeting voted in favor of Shahbaan’s removal from the council. Four members voted against Shahban’s removal.
According to the MMC Act, the post of MMC President will be vacant under five circumstances. These include the expiration of term, removal from council membership, resignation, death, or loss of a characteristic required by the Act to be an MMC member. According to the law, if a two-thirds majority of the council members vote against a council member in a no-confidence vote, he may be removed from council membership.
Therefore, the MMC members moved to remove Shahbaan from MMC membership. While MMC has a total of 15 members, ten members must vote in favor of removing a member of the council. Shahbaan’s removal from the MMC was not…
