Travel Bans Imposed on RDC's Former Executives For Stealing Millions

A court-ordered travel ban has been imposed on the former Managing Director of the Road Development Corporation (RDC), Moosa Ali Manik, and its former Chief Financial Officer, Yasir Hassan. The bans are linked to an ongoing corruption investigation conducted by the Maldives Police Service (MPS).

The case involves allegations of significant misappropriation of RDC funds, with MVR 13,999,300 deposited into the personal account of a senior RDC official. Additionally, portions of these funds were circulated through accounts belonging to three other individuals, with MVR 10,999,200 and MVR 3,999,620 transferred into their respective accounts.

MPS revealed that 216 transactions were conducted from RDC’s accounts to a single suspect. These transactions reportedly triggered a network of additional financial transfers involving multiple individuals, necessitating further investigation into associated accounts.

On 27 December, MPS searched the residences of Moosa Ali Manik and Yasir Hassan, confiscating several electronic devices. While the nature of the seized items remains undisclosed, the authorities have indicated that these devices could provide critical evidence for the investigation.

The funds in question are alleged to have been redirected to personal accounts of senior officials from the then-ruling Maldivian Democratic Party (MDP) and companies linked to them, raising serious concerns about systemic misuse of public resources.

This investigation underscores the importance of accountability and transparency within government-run corporations, as authorities work to uncover the full scope of financial misconduct at RDC.