Housing Development Corporation (HDC) has suspended five senior officials over an investigation into alleged fraudulent land allocations under the Binveriya housing scheme, following an earlier board suspension by the Privatization and Corporatization Board. Police and the Anti-Corruption Commission are probing allegations that land worth MVR 450 million was allocated to about 50 ineligible individuals.
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HDC facilitated the allocation of land worth MVR 450 million to about 50 ineligible individuals
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Earlier reports gave MVR 450 million 18 Dec, 20:28 Maldives RepublicMVR 450 million 18 Dec, 19:43 Maldives Republic
allocation of land worth MVR 450 million to about 50 ineligible individuals
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Housing Development Corporation (HDC) has suspended five senior officials in connection with an ongoing investigation into alleged fraudulent land allocations under the “Binveriya” housing scheme.
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The action follows the Privatization and Corporatization Board’s (PCB) earlier decision to suspend all members of HDC’s board except chairman Ahmed Naasif.
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The controversy deepened after a fire last week destroyed critical documents in three government ministries, including the Ministry of Housing, raising suspicions of a potential cover-up.
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Public criticism has mounted following the allegations, with protesters gathering outside HDC headquarters to demand Fazul’s arrest.
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