ACC confirms probe into financial dealings of MP Shujau
Maldives Police Service has also announced an investigation into the report, which is currently circulating on social media.
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The Anti-Corruption Commission (ACC) has confirmed that it has been conducting an investigation into allegations of financial misconduct involving companies owned or associated with Baarah MP Ibrahim Shujau since late 2024.
The case centres on a report compiled by the Maldives Monetary Authority’s (MMA) Financial Intelligence Unit (FIU), which alleges that Shujau, who serves as vice-president of the ruling People’s National Congress (PNC) and senior deputy leader of the party’s parliamentary group, facilitated the generation of unjust profits through several businesses.
Although the report was finalised last year, it was made public recently after being leaked by an anonymous account on the social media platform X.
An ACC official confirmed to local media outlet Atoll Times that the commission initiated the investigation on its own after the contents of the FIU report came to its attention. The official declined to provide further details due to the ongoing nature of the inquiry.
The Maldives Police Service has also announced an investigation into the report, which is currently circulating on social media. While MP Shujau has publicly questioned the authenticity of the document, police officials have stated that they are treating the report seriously and are conducting an official inquiry.
The FIU report identifies financial transactions involving Shujau, a family member, Deputy Minister of Fisheries Mohamed Nafiz, and Public Service Media (PSM) board member Ahmed Adham, a shareholder of Official Events. The investigation is focused on transactions among these individuals and several companies.
The companies named in the report include:
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Official Events
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Swan Family
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Stow Pros Trading
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Quick Sure
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DQ Holdings
According to the report:
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The Ministry of Finance transferred MVR 23 million to SIWEC on 13 November 2023, intended for expenses related to President Mohamed Muizzu’s swearing-in ceremony.
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SIWEC deposited MVR 13 million to Official Events.
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SIWEC also transferred MVR 4.2 million to DQ Holdings and MVR 2.3 million to Quick Sure.
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From the funds received by Official Events, MVR 8 million was spent to purchase two apartments at Rainbow Residences as a commitment fee for its shareholders. The total value of each apartment is MVR 20 million.
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Additional payments were also received by Male’ City Council, Waste Management Corporation (WAMCO), Housing Development Corporation (HDC), Maldives Airports Company Ltd (MACL), and State Trading Organisation (STO) in relation to Official Events.
