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News fuel theft / police investigation Maldives Impact 7.0/10 2 min read
More Than 40 Sacked at FSM as Police Probe Sale of Stolen Fuel, Laundering of Proceeds

More Than 40 Sacked at FSM as Police Probe Sale of Stolen Fuel, Laundering of Proceeds

More than 40 employees at Fuel Supply Maldives (FSM), a subsidiary of State Trading Organization (STO), were sacked for allegedly trading stolen fuel and laundering proceeds. Managing Director Ismail Shuhail resigned. An internal investigation by STO led to the firings. The police have launched an investigation, with Minister Ali Ihussan confirming on Monday that special teams have examined 10 people, two houses, and two oil barges, recovering electronic equipment and documents. It is unclear if any arrests have been made.

More than 40 employees at Fuel Supply Maldives (FSM), a subsidiary of State Trading Organization (STO), were sacked for allegedly trading stolen fuel and laundering proceeds. Managing Director Ismail Shuhail resigned. An internal investigation by STO led to the firings. The police have launched an investigation, with Minister Ali Ihussan confirming on Monday that special teams have examined 10 people, two houses, and two oil barges, recovering electronic equipment and documents. It is unclear if any arrests have been made.

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Maldives Republic

Published

Dec 3, 2024

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More than 40 employees at Fuel Supply Maldives (FSM), a subsidiary of State Trading Organization (STO), were sacked for allegedly trading stolen fuel and laundering proceeds. Managing Director Ismail Shuhail resigned. An internal investigation by STO led to the firings. The police have launched an investigation, with Minister Ali Ihussan confirming on Monday that special teams have examined 10 people, two houses, and two oil barges, recovering electronic equipment and documents. It is unclear if any arrests have been made.

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