A digest of news and opinion from the Maldives.

Fenaka audit

Millions to MPs, hefty bills to citizens

By Marco Robinson October 1, 2017 5 min read

The original Dhivehi article was published on Mihaaru.com website on 28th September 2017. The following is a loose translation: When the recently released audit report revealed that Fenaka Limited had purchased fuel higher than STO’s selling price – MVR 1.50 per litre, in a way designed to benefit some parliament members, proved how selfish the […]

Fenaka audit exposes rampant corruption at utility corporation

By Maldives Times September 23, 2017 4 min read

A special audit of the Fenaka Corporation has uncovered a foreign exchange scam and corrupt fuel supply and procurement deals that cost the state-owned utility company millions in losses. The damning audit report made public Wednesday flagged several suspicious transactions in 2014 and 2015 that unduly benefited private parties, including the conversion of local currency […]