The Edition


Graft watchdog seeks charges against former head of WAMCO

Fathmath Shaahunaz
11 April 2018, MVT 14:20
Ibrahim Fuad, the former managing director of WAMCO. PHOTO/MIHAARU
Fathmath Shaahunaz
11 April 2018, MVT 14:20

The Anti-Corruption Commission (ACC) is seeking charges against the former managing director of Waste Management Corporation (WAMCO), Ibrahim Fuad, over providing undue advantage to a private firm via a landing craft procurement.

In a statement issued Wednesday, ACC proclaimed that WAMCO had paid 30 percent (MVR 3.9 million) of the landing craft’s price in advance to the private company in violation of WAMCO’s procurement policy. According to the commission, the investigation had revealed that WAMCO’s then MD Fuad had personally signed to approve the advance payment to the undisclosed private company.

ACC further stated that the private firm had proposed to sell the landing craft to WAMCO on Fuad’s own request. The commission noted that while the WAMCO's policy mandates the relevant department to request the Board of Directors to procure the craft, Fuad himself had approached the board instead.

According to ACC, following the board’s approval to procure the landing craft, WAMCO had carried out a survey which revealed that the landing craft was in poor condition. However, Fuad had not discussed the issue with other members of the board, and had proceeded with the procurement.

Hence, the statement read, ACC has forwarded the case to the Prosecutor General’s Office, seeking charges against Fuad for violating WAMCO’s policy, and abusing the power of his position to obtain undue advantage for another party. ACC is also seeking to recover the MVR 3.9 million from Fuad for the state.

Moreover, the ACC has requested the police to investigate an issue of Fuad ordering to draw up WAMCO’s capital expenditure requisition form to allegedly cover up his violation of the company’s procurement policy.

The commission additionally urged WAMCO to make certain amendments over the case, mainly to fortify the company’s procurement policy.