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Audit Reveals Nepotism at Fenaka — MDP Government Let Saeed’s Family Pocket Millions
A special audit report by the Auditor General's Office found that 92 agreements worth MVR 49.7 million were awarded between 2021 and 2023 to three companies linked to former Fenaka Managing Director Ahmed Saeed's relatives, of which MVR 31.1 million has been disbursed. The report notes the Anti-Corruption Commission had alerted former President Ibrahim Mohamed Solih in 2021 about corruption-conducive activities at Fenaka, and no action was taken.
Sources1carried itTS1 of 19 news outlets we monitor
Figures9as written, with their sentences
One outlet so far Only The Standard has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
What happened
in order; days are read from the reports' words and dates
Thu 25 SepThe Auditor General's Office released a special audit report on contracts awarded to companies linked to former Fenaka Managing Director Ah…late 25 Seponly The StandardAccording to the special audit report released late last night by Auditor General Hussain Niyazy, between 2021 and 2023, 92 agreements for goods and services were awarded to companies linked to Saeed's relatives
Word for word from the report in The Standard. Open the report
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
92 agreementsagreements awarded to companies linked to Saeed's relativesThe Standardbetween 2021 and 2023, 92 agreements for goods and services were awarded to companies linked to Saeed's relatives, totaling MVR 49.7 million
Word for word from the report in The Standard. Open the report
MVR 31.1 millionamount disbursedThe StandardOf this, MVR 31.1 million has already been disbursed.
Word for word from the report in The Standard. Open the report
84 contractscontracts awarded to Shelter Holdings Pvt LtdThe StandardShelter Holdings Pvt Ltd : Awarded 84 contracts worth MVR 22.2 million, with MVR 16.4 million already paid out.
Word for word from the report in The Standard. Open the report
MVR 22.2 millionvalue of Shelter Holdings contractsThe StandardShelter Holdings Pvt Ltd : Awarded 84 contracts worth MVR 22.2 million, with MVR 16.4 million already paid out.
Word for word from the report in The Standard. Open the report
MVR 16.4 millionamount paid to Shelter HoldingsThe StandardAwarded 84 contracts worth MVR 22.2 million, with MVR 16.4 million already paid out.
Word for word from the report in The Standard. Open the report
MVR 15.7 millionvalue of Powerray contractsThe StandardPowerray Investment Pvt Ltd : Awarded six contracts worth MVR 15.7 million, with MVR 10.1 million disbursed.
Word for word from the report in The Standard. Open the report
MVR 10.1 millionamount disbursed to PowerrayThe StandardAwarded six contracts worth MVR 15.7 million, with MVR 10.1 million disbursed.
Word for word from the report in The Standard. Open the report
MVR 11.6 millionvalue of Coral Investment contractsThe StandardCoral Investment Pvt Ltd : Awarded two contracts worth MVR 11.6 million, with MVR 4.5 million disbursed.
Word for word from the report in The Standard. Open the report
MVR 4.5 millionamount disbursed to Coral InvestmentThe StandardAwarded two contracts worth MVR 11.6 million, with MVR 4.5 million disbursed.
Word for word from the report in The Standard. Open the report
