The Maldives Anti-Corruption Commission (ACC) has submitted a request to the Prosecutor General’s Office (PGO) to press charges against former Fenaka Corporation employees for embezzlement.
ACC made the request to PGO to press charges against three ex-employees earlier on April 10, 2025.
All three individuals are alleged to have embezzled petty cash issued to Fenaka Corporation’s Addu City, Hithadhoo Central Power Station (CPS) project. The charges are being brought against former Deputy Director of Projects Department, Ahmed Sathish Saeed; former Senior Engineer of Projects Department, Mohamed Aasidh; and one Supervisor stationed at Addu’s CPS.
The former employees will be facing charges of attempt to commit an offence, conspiracy to commit an offence, abuse of power for illicit profiteering, and embezzlement of state assets and funds.
The commission has also ordered Fenaka Corporation to recover the embezzled MVR 623,208.80.
ACC in its investigation had discovered the alleged employees resorted to forgery in embezzling the funds, due to which it had requested the Maldives Police Service to launch a separate investigation into the forgery allegations.
Unlike ACC, cases of forgery fall under the jurisdiction of police.
Fenaka Corporation, a utility service provider that extends services related to water, sanitation, and electricity, had been mired in corruption since the previous government. In fact, the state-owned enterprise has faced the most number of corruption charges dating back to the former regime.
Earlier in October 2024, its former Managing Director Ahmed Saeed Mohamed was ordered against flying out of country, while the PGO had pressed charges of abuse of power on December last year.
Additionally, ACC has requested PGO to press charges against Saeed and Fenaka Corporation’s former Chief Accountant, Mohamed Massood for alleged corruption in purchasing an ice plant developed by a private company.