The Attorney General's Office finalised the decision to appoint an independent auditing firm to identify the exact amount required as compensation for cases filed against the Maldivian government.
According to the AG Office's statement, the independent auditor would oversee financial calculations and documents in order to provide counsel to the committee formed to advise President Ibrahim Mohamed Solih on arbitration cases filed by both local and foreign parties concerning project contracts and other agreements.
The AG Office stated that the purpose of appointing an independent auditor was ensuring the accuracy and appropriateness of compensatory amounts settled out of court.
As per the statement, an audit firm would be chosen via a bidding process.
Overall, the current administration has spent approximately MVR 1 billion on compensation as per court rulings, as well as for cases settled out of court.
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