PSM misallocated MVR 22 million in antenna replacement project: Audit report

Public Service Media (PSM) allocated MVR 22 million in breach of regulations to the company responsible for the 'Medium Wave' project, which involves relocating the antennas of Dhivehiraajjeyge Adu from its former location in Henveiru to Kaafu atoll Thilafushi, according to the company's audit report.

The audit report, released by the Auditor General's Office last Monday, indicates that after rejecting the bids submitted in response to PSM's public announcement for the project, they solicited proposals through a restricted tendering process. The report also highlights that the bid documents were altered to remove the requirement for assessing the financial capability of the proposing parties.