The Edition


ACC seeks to recover MVR 1.3 million in state funds

12 February 2018, MVT 09:03
Members of the ACC speak at press conference. PHOTO/VMEDIA
12 February 2018, MVT 09:03

Statistics show that the Maldives graft watchdog, Anti-Corruption Commission (ACC), had ordered the recovery MVR 1.3 million owed to the state in 2017.

The statistics published by the ACC indicate that in the last quarter of 2017 it had ordered to recover more than MVR 45 million lost from the state after concluding investigations on six different cases.

The reason for the exorbitant amount is believed to be because of the MVR 1.2 million embezzled by Maldives Marketing and Public Relations Corporation (MMPRC) from the state via island leases and acquisition costs of islands and lagoons, in the largest corruption scandal to rock the archipelago’s history.

Court cases related to the MMPRC corruption scandal is currently underway in the courts. But a significantly small amount of the lost funds have been recovered so far.