Over 180 cases related to the state-run water and electricity company Fenaka have been reported to the Anti-Corruption Commission (ACC) in the past four years. The majority of these cases are procurement-related, according to data released by the agency under a Right to Information (RTI) request submitted by The Maldives Journal.
Between 2019 and 2022, a total of 185 cases related to Fenaka were filed with the commission. The highest number of cases were reported in 2020, with 93 cases registered with the agency. However, in the last year, only 15 cases were considered by the commission, with 11 of those being procurement-related. The commission concluded that there was no corruption involved in any of the cases.
Fenaka owes more than MVR 2.8 billion to various businesses for services received. This has resulted in several private companies staging a protest in front of the Fenaka office last week over non-payment of dues. Despite this, a resolution calling for a financial audit of the company to create a plan for paying off its liabilities was dismissed by the majority of government members in Parliament this week.
The ongoing issues with Fenaka have raised concerns about corruption within the company and its management. The large number of procurement-related cases reported to the ACC over the past four years, combined with the outstanding debt owed to suppliers, highlight potential mismanagement and a lack of financial transparency within the company.
As the state-run utility company responsible for providing essential services such as water and electricity to the public, it is essential that Fenaka operates with the highest levels of transparency and accountability. The resolution proposed in Parliament aimed to address these issues by conducting a financial audit of the company and creating a plan to pay off its liabilities. However, the dismissal of the resolution by the majority of government members suggests that more needs to be done to address these concerns and ensure that Fenaka operates in the best interests of the public.