HDC Exposes MDP Government Fraud: MVR 200M Misused Under Past Administration

The Housing Development Corporation (HDC) has pledged decisive legal action against parties implicated in large-scale fraud involving its land, property, and services between 2019 and 2023. Irregularities amounting to approximately MVR 200 million were uncovered, including theft, misuse of assets, and unlawful leasing and sale of land. HDC is collaborating with law enforcement to ensure accountability and recover public assets. This action aligns with President Dr. Mohamed Muizzu's zero tolerance policy on corruption.

The Housing Development Corporation (HDC) has pledged decisive legal action against parties implicated in large-scale fraud involving its land, property, and services between 2019 and 2023. Irregularities amounting to approximately MVR 200 million were uncovered, including theft, misuse of assets, and unlawful leasing and sale of land. HDC is collaborating with law enforcement to ensure accountability and recover public assets. This action aligns with President Dr. Mohamed Muizzu's zero tolerance policy on corruption.

The Housing Development Corporation (HDC) has pledged decisive legal action against parties implicated in large-scale fraud involving its land, property, and services between 2019 and 2023. Irregularities amounting to approximately MVR 200 million were uncovered, including theft, misuse of assets, and unlawful leasing and sale of land. HDC is collaborating with law enforcement to ensure accountability and recover public assets. This action aligns with President Dr. Mohamed Muizzu's zero tolerance policy on corruption.

This story involves 1 source and may affect public understanding of finance / fraud.