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Road Development Corporation (RDC) was in debt of MVR 837 million during the previous administration due to substantial wasteful expenditures, the company's Managing Director Ali Zuhair said today.
Speaking at the parliament's Committee on State-Owned Enterprises (SOE), Zuhair said that many documents were not maintained when the current government took over the company. According to the available records, RDC had debts totaling MVR 837 million.
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