Tuesday 5th Nov 2024
Dhivehi Edition
News Reports Sports Business
Fenaka

Maldives Impounds Passport of Former Fenaka MD Amid Corruption Investigation

The passport of former Fenaka Corporation Managing Director, Saeed, has been seized in connection with an investigation into alleged corruption during his tenure. Sources close to the Anti-Corruption Commission (ACC) confirm that the decision to impound Saeed's passport was made to prevent any attempts to leave the country while inquiries are ongoing.
Saeed, who held the top position at Fenaka Corporation during President Ibrahim Mohamed Solih's administration, is under investigation for reportedly abusing his official position in connection with various infrastructure and utility projects across the Maldives. The allegations include misuse of public funds and manipulation of contract processes, with potential personal financial gain suspected in several cases.
This latest action highlights the government’s commitment to anti-corruption measures within its public sector, with senior officials vowing to pursue accountability across all levels. Saeed, now prohibited from international travel, may face further legal action as evidence emerges, although he has yet to issue any statement on the allegations.
As more details unfold, the public and the media closely watch developments in this case, which marks one of several high-profile investigations into past mismanagement within government-linked companies.