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A digest of news and opinion from the Maldives.

Audit Report

Education ministry spent over MVR800K unlawfully: Audit

2 min read

Morning assembly at Ghiyasuddin International School with the low turnout of students amidst the current swine flu epidemic in the Maldives. PHOTO/SOCIAL MEDIA The Audit Report for 2015 uncovered that the Ministry of Education had spent more than MVR 800,000 unlawfully. According to the Audit Report for 2015 signed by Auditor General Hassan Ziyath, the schools and […]

Audit flags US$22k ‘missing’ from ports company

Audit flags US$22k ‘missing’ from ports company

2 min read

A special audit of the Southern Transport Link has flagged more than MVR350,000 (US$22,700) that has gone missing from the subsidiary of the state-owned Maldives Ports Limited. According to the report made public Monday, the money was earned from ferry services, transporting cargo and renting vessels between December 21, 2015 and May 31, 2016 but […]

mpl

Over MVR350K state funds missing from STL: audit

2 min read

Maldives Ports Ltd (MPL) main building in capital Male. PHOTO/MIHAARU An audit report has revealed that over MVR 350,000 had gone missing from Southern Transport Link (STL), the company which provides transportation in the southern atolls of Addu and Fuvahmulah. According to the audit report which was released October 2, the missing funds should have […]

Fenaka graft causes losses in millions to state

Fenaka graft causes losses in millions to state

4 min read

Engineers repair a generator in Fenaka’s powerhouse in Fuvahmulah. Corruption in Fenaka Corporation’s business transactions, particularly in purchase of US Dollars and fuel, had caused the state losses amounting to millions of Rufiyaa, according to the latest audit report on the state-run utilities company. The audit report, signed by Auditor General Hassan Ziyath, was released […]

Fenaka’s once rumoured graft comes to light with shocking audit report

Fenaka’s once rumoured graft comes to light with shocking audit report

3 min read

Fenaka powerhouse in Fuvahmulah island. PHOTO/FENAKA The latest audit report on Fenaka Corporation has exposed major cases of corruption within the state run utilities company. The report signed by Auditor General Hassan Ziyath was released Wednesday amidst loud public accusations of Fenaka being a “graft hub”. The report appears to confirm the speculations as the […]