Corruption Cases Involving MVR 72 Million at FENAKA Corporation Submitted to ACC
Photo: Peoples Majlis
West Henveiru MP Hassan Latheef has disclosed that thirty-one cases of corruption, amounting to a staggering MVR 72 million, have been submitted to the Anti Corruption Commission (ACC) in connection with the FENAKA Corporation.
This surfaced during a parliamentary session on Wednesday, where MP Hassan participated in a debate on a resolution initiated by Maduvvari MP Adam Shareef.
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West Henveiru MP Hassan Latheef has disclosed that thirty-one cases of corruption, amounting to a staggering MVR 72 million, have been submitted to the Anti Corruption Commission (ACC) in connection with the FENAKA Corporation. pic.twitter.com/3F8NNAwRS1— MV+ (@mvplusmedia) October 19, 2023
The resolution calls for several critical actions, including the settlement of outstanding payments owed by FENAKA to small businesses and companies, a management and financial audit of FENAKA, and the formulation of a plan to address its debts.
MP Hassan highlighted that these cases were brought to the attention of the ACC by certain FENAKA employees. However, he raised concerns about the progress of the investigations, suggesting that they appear to have stagnated, allowing the alleged wrongdoers to continue engaging in corrupt activities with apparent impunity.
This revelation comes in the backdrop of growing dissatisfaction among companies that have undertaken various projects for FENAKA Corporation.
Many of these companies have registered grievances with the relevant authorities due to delayed payments. The non-payment from FENAKA has not only impeded these companies’ ability to compensate their employees and suppliers but has also pushed them to the brink of financial instability.
Members of Parliament estimate that FENAKA Corporation owes more than MVR 2 billion to both private and government entities.
Opposition MPs are urging FENAKA to expedite the payment of its debts and are calling for an investigation into the allegations of corruption within the corporation, along with appropriate action against those found involved.
