Authorities uncover MVR 1.4 million from former HDC MD's residence

A source revealed the discovery of the money in a bag, although charges raised against Fazul remain unclear. Police has yet to reveal more information about the matter to the press.

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Former HDC MD Ibrahim Fazul Rasheed

Malika Shahid

2025-01-06 08:55:40

Mihaaru News reports that authorities uncovered MVR 1.4 million during a search of former Housing Development Corporation (HDC) Managing Director Fazul Rasheed's residence under a court order on December 23.

The search was part of an ongoing investigation into alleged fraud in land allocation under the Binveriyaa scheme.

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