Urbanco says it will seek advice from the Privatization and Corporatization Board and Parliament's SOE Committee after an Anti-Corruption Commission directive halted land-related transactions and left the company's operations at a standstill. The ACC ordered the halt on 31 October amid an investigation into alleged fraud, and its team entered Urbanco on Tuesday.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
The ACC had, on 31 October, ordered Urbanco not to conduct any land-related transactions as the ACC was investigating alleged fraud related to such transactions by the company.
Word for word from the report in Maldives Republic. Open the report
However, an ACC investigation team entered Urbanco on Tuesday on suspicion that the SOE was attempting to move forward with such transactions.
Word for word from the report in Maldives Republic. Open the report
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.