Police raid ex-chief residences in RDC graft probe

Police on Friday conducted raids on three locations linked to former Road Development Corporation (RDC) Managing Director Moosa Ali Manik and former Chief Financial Officer Yasir Hassan, with electronic equipment seized during the operations.

The early morning raids were part of an investigation into the alleged transfer of MVR 14 million from the RDC account to the personal account of a senior company employee.

According to the police, searches were carried out at the residence of Moosa Ali Manik and two locations associated with Yasir Hassan. These included a house in Galolhu ward in Male where Moosa resides, an apartment in a Vinares complex belonging to Yasir, and another property in Hulhumale.

The police have summoned Maldives Democratic Party (MDP) Chairman and former economic minister Fayyaz Ismail early this year for the investigation, which is jointly conducted with the Anti-Corruption Commission (ACC). Authorities also conducted a search at the RDC office.

RDC's current management disclosed in August that payments amounting to MVR 161 million were made over a two-year period without supporting documentation.

Deputy Managing Director Mohamed Asbah Ali Naseer shared details of the transactions during a parliamentary committee session:

Investigations into the financial irregularities at RDC are ongoing.