ACC probes corruption case against Shamah

Anti Corruption Commission has launched a probe into a corruption case against former STELCO managing director Ahmed Shamah Rasheed who was removed from his post yesterday.

ACC media official speaking with Mihaaru News said that the commission was investigating a corruption case submitted against Shamah who has been the managing director of the company since September last year until yesterday. However, ACC did not reveal the source of the report.

Privatization and Corporatization Board (PCB) announced yesterday that Shamah had been removed from the post of Managing Director of STELCO. No official reason has yet been disclosed for his dismissal.

However, following his dismissal, a leaked audio circulated on social media that allegedly implicates Shamah in corruption at the company.

The leaked audio features a conversation between two individuals, one of whom is alleged to be Shamah. In the recording, the person believed to be Shamah appears to boast about earning money through corrupt practices at STELCO, claiming he makes more from corruption than what he invests in the company.

The person alleged to be Shamah also claims that only two individuals inside STELCO are aware of his activities. The names mentioned are Azhad and Saeed. Azhad was the Head of Procurement at STELCO and was also removed from his position yesterday evening. Saeed is an employee in the company’s human resources department.

Shamah however, has denied that the voice in the audio was his and said that he was hearing the recording for the first time.

Shamah previously served as Managing Director of the Maldives Industrial Fisheries Company (MIFCO), from which he was dismissed after being suspended over allegations of mismanagement. He later served as State Minister of Fisheries, though he was reportedly not assigned significant responsibilities.