Committee seeks money laundering probe into Fenaka Addu cases
The committee reached the decision during its meeting on Wednesday, where members reviewed a special audit report on Fenaka's branches and projects in Addu.
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The Parliament's Public Accounts Committee has decided to accelerate the investigation into issues identified in a special audit of Fenaka Corporation's operations in Addu and request a separate police investigation into suspected money laundering.
The committee reached the decision during its meeting on Wednesday, where members reviewed a special audit report on Fenaka's branches and projects in Addu.
During the meeting, Funadhoo MP Mohamed Mamdhooh of the People's National Congress (PNC) proposed a series of measures in response to the audit findings.
The committee approved proposals including:
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Holding former board members and executives accountable where projects were carried out in a manner that caused losses to the company without assessing more viable options before undertaking work in-house.
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Referring the matter to the Anti-Corruption Commission (ACC) and other relevant authorities to investigate the alleged misappropriation of company funds.
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Requiring Fenaka to submit quarterly progress reports to the committee until the issues are resolved.
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Requesting the ACC to investigate transactions highlighted in the audit report.
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Directing Fenaka to assess staffing requirements across all branches, establish an organisational structure, recruit staff accordingly and submit the structure to the committee.
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Requiring the company to amend its procurement policy to prevent the purchase of goods and services from businesses with family links to Fenaka executives or employees.
Hithadhoo Mid MP Ahmed Azaan proposed four additional measures during the meeting.
These included:
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Advising the Prosecutor General to request that the ACC investigate the cases without delay.
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Suspending employees identified in the audit as being responsible until investigations are concluded.
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Requiring Fenaka to provide monthly progress reports instead of quarterly updates.
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Requesting the Maldives Police Service to conduct a separate investigation into suspected money laundering based on issues identified in the audit.
The committee unanimously approved Mamdhooh's proposals. Azaan's additional recommendations were approved with the support of four committee members.
