A digest of news and opinion from the Maldives.
The Auditor General’s Office (AGO) has now launched its Strategic Plan for the years 2021-2024. It was launched in a special ceremony held on Tuesday, in commemoration of the AGO’s 72nd anniversary. The plan was unveiled by Auditor General Hassan Ziyath and Member of Parliament for Addu’s Meedhoo constituency Rozaina Adam. According to Hassan Ziyath, […]
The challenges posed by COVID-19 for accountants, auditors, the business community, individuals and families call for increased collaboration, knowledge-sharing and constant discussion among stakeholders. With this regard, the Institute of Audit and Assurance (IAA) of the Auditor General’s Office is hosting a series of interactive webinars on issues of mutual concerns, with the business community […]
The government broke its own spending rules by lavishing millions of dollars marking 50 years of Maldivian independence, an audit report has said. Auditors found that MVR66 million (US$4 million) was spent on the 2015 festivities without putting the projects out for tender, as required by law before awarding projects worth more than MVR1.5 million. […]
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 […]
During a meeting of the parliamentary Economic Affairs Committee. PHOTO: NISHAN ALI/MIHAARU The parliamentary Economic Affairs Committee on Monday approved over MVR 50 million as the next year’s budget for the Auditor General’s Office. The budget submitted by the Audit Office was passed unanimously by all members of the committee. The committee had passed a […]
The original Dhivehi article was published on Mihaaru.com website on 25th September 2017. The following is a loose translation: It has been years since *Fenaka Corporation‘s former top management officials had been marred by allegations of doing under deals, selling US dollars to several parties and favouring projects to ‘close people’. Amid the allegations, several […]
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 […]