FENAKA has revealed that the cases of 25 projects awarded to the unlawful benefit of some parties under former president Solih have been filed for investigation at the Anti-Corruption Commission (ACC), with the total cost reaching over MVR 500 million.
FENAKA Corporation Limited (FENAKA) has revealed that the cases of 25 projects awarded to the unlawful benefit of some parties under former president Ibrahim Mohamed Solih have been filed for investigation at the Anti-Corruption Commission (ACC), with the total cost of projects reaching over MVR 500 million.
The new management at FENAKA filed the cases with ACC in March, citing 25 out of 60 construction projects carried in-house to gain corrupt benefit.
According to details submitted to ACC, the projects include the in-house construction projects for power plants, power stations and office buildings in a number of islands.
While these projects were conducted without the creation of bills of quantities (BOQs) or analysis of market prices, the majority of the projects remain less than 50% complete. The amount of money allocated for the projects during the government of former president Ibrahim Mohamed Solih is more than MVR 508 million.
FENAKA's new Managing Director Muaz Mohamed Rasheed stated that the incomplete projects halted at different stages will require billions more to finish. He added that the company had created a huge business of buying engines and gensets, and that those cases would be referred to ACC as well.
1. GDh. Madaveli/Hoadehdhoo Power Station - 4 percent completed, MVR 18.3 million spent
2. GDh. Vaadhoo New Office - 41 percent complete, MVR 45.1 million spent
3. GDh. Thinadhoo Power House Relocation - complete, MVR 63.12 million spent
4. HA. Dhihdhoo Power House - 43 percent complete, MVR 42.7 million spent
5. Th. Kandoodhoo New Office - complete, MVR 7.6 million spent
6. Th. Vandhoo New Office - complete, MVR 7.96 million spent
7. Th. Kinbidhoo New Office - complete, MVR 7.96 million spent
8. HDh. Kulhudhuffushi Power House - 45 percent complete, MVR 41.37 million spent
9. GA. Villingilli Power House - 41 percent complete, MVR 41.1 million spent
10. GDh. Nadella Power House Relocation - complete, MVR 11.65 million spent
11. Sh. Maaungoodhoo Power House - 65 percent complete, MVR 9.67 million spent
12. N. Kudafari New Office - 77 percent complete, MVR 9.17 million spent
13. L. Fonadhoo New Office - complete, MVR 18.4 million spent
14. N. Kendhikulhudhoo New Office - 99 percent complete, MVR 19.6 million spent
15. R. Meedhoo New Office - 93 percent complete, MVR 6.8 million spent
16. L. Ishdoo/Kalaidhoo Power Station - 56 percent complete, MVR 54.3 million spent
17. L. Kalaidhoo New Office - 30 percent complete, MVR 7.8 million spent
18. GDh. Gahdhoo New Office - 38 percent complete, MVR 11.8 million spent
19. R. Angolhitheemu Power House, 50 percent complete, MVR 9.3 million spent
20. Sh. Milandhoo Power Station - 15 percent complete, MVR 16.04 million spent
21. Th. Omadhoo New Office - complete, MVR 4.7 million spent
22. Gn. Fuvahmulah Power Station - 45 percent complete, MVR 36.9 million spent
23. HA. Kelaa Office Completion - 67 percent complete, MVR 752,282 spent
24. M. Kolhufushi New Office - 38 percent complete, MVR 8.3 million spent
25. Th. Hirilandhoo New Office - complete, MVR 7.8 million spent
FENAKA Managing Director Muaz said today that up to 60 projects had been awarded to unlawfully benefit various parties during the MDP government, and that cases for the remaining 35 projects would be submitted to ACC soon.
"The projects are worth more than MVR 1 billion, there has been massive corruption. Some projects were awarded to companies at a rate 500 times more. For example, projects that could have been completed for MVR 3 million have been awarded for MVR 9 million," said Muaz.
He added that the projects could only be awarded with permission of the board at FENAKA, which they had declined to do.
"So far, it appears about 8 or so employees were involved in this. Large allowances have been given to some employees and many people have been hired," said Muaz.
FENAKA was one of the worst-performing SOEs when incumbent President Dr Mohamed Muizzu took office late last year. The current management at the corporation says that additional workers had been hired by the previous administration to do work that has not yet even begun.
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