RDC CFO Yasir files defamation suit against 2 media outlets
Atoll Times has learned that the money was not deposited into the accounts of Moosa Ali Manik or Yasir.
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By
Mariyam Umna Ismail
RDC's Chief Financial Officer (CFO) Yasir Hassan has filed a defamation suit against some news agencies that reported allegations of theft from the main account of the Road Development Corporation (RDC).
Some newspapers had reported that a case of embezzlement of RDC funds had surfaced involving the company's Managing Director Moosa Ali Manik and Yasir. They include:
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Police are investigating an alleged transfer of MVR 13.8 million from the RDC's main account to Yasir's personal account
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The details of how the money was used after it was transferred to Yasir's account are unknown
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With the reports, police have announced that they are investigating a case related to the RDC
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Moosa Ali Manik denies the charges against him
Yasir has denied the allegations against him and issued a statement in his defence on Tuesday evening.
Yasir denied the allegations of theft or any other illegal act. He said the allegations against him were baseless.
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The allegations are meant to tarnish his and company's reputation and undermine long-standing trust between employees and business partners
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He will take all necessary actions to protect his rights and defend his reputation
Yasir disclosed that he had filed defamation suits against Dhiyares and Mihaaru newspapers "for spreading false and inaccurate news".
In the statement, he added:
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RDC's financial policies since 2020 have been implemented very well and in accordance with accounting standards and regulations
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None of the audits revealed any problems or fraud
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All cash transactions are processed and documented in accordance with financial policies
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As the CFO of the company, he has no authority to initiate any payments by ERP or from any bank
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All cash transactions are handled responsibly by designated employees
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No cash related to the company has been deposited into his own account during the past three years
The police earlier said their investigation revealed that funds were deposited from RDC's main account into the account of one of its managers.
The police, however, did not identify the manager, citing the ongoing investigation. However, Atoll Times has learned that the money was not deposited into the accounts of Moosa Ali Manik or Yasir.
