ACC Investigators Enter Urbanco’s Offices Over Alleged Violation of Directive

Anti-Corruption Commission (ACC) investigators entered Urbanco's headquarters on Tuesday to probe an alleged violation of a directive that instructed Urbanco to halt long-term land leasing in Hulhumalé during the government transition. The directive was issued on October 30 in response to concerns from the Office of the President-Elect. Urbanco is suspected of proceeding with the lease of Farukolhufushi in Hulhumalé Phase II. The ACC has not commented. The Office of the President-Elect had earlier stated that 40 items related to long-term leasing were tabled for Urbanco's next board meeting.

Anti-Corruption Commission (ACC) investigators entered Urbanco's headquarters on Tuesday to probe an alleged violation of a directive that instructed Urbanco to halt long-term land leasing in Hulhumalé during the government transition. The directive was issued on October 30 in response to concerns from the Office of the President-Elect. Urbanco is suspected of proceeding with the lease of Farukolhufushi in Hulhumalé Phase II. The ACC has not commented. The Office of the President-Elect had earlier stated that 40 items related to long-term leasing were tabled for Urbanco's next board meeting.

Anti-Corruption Commission (ACC) investigators entered Urbanco's headquarters on Tuesday to probe an alleged violation of a directive that instructed Urbanco to halt long-term land leasing in Hulhumalé during the government transition. The directive was issued on October 30 in response to concerns from the Office of the President-Elect. Urbanco is suspected of proceeding with the lease of Farukolhufushi in Hulhumalé Phase II. The ACC has not commented. The Office of the President-Elect had earlier stated that 40 items related to long-term leasing were tabled for Urbanco's next board meeting.

This story involves 1 source and may affect public understanding of corruption / land leasing.