MTCC announced it has formally requested a full investigation into the alleged misuse of shareholders' funds after audit reports found money was not used in line with shareholder value. The state-linked company said it will cooperate with regulatory and judicial bodies and seek recovery of the amounts in question.
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.
MTCC is owned by its shareholders, and it is our duty to ensure their investments are protected. We have requested the relevant authorities to pursue a proper investigation into these matters and to recover funds misused, holding responsib…
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
The Maldives Transport and Contracting Company (MTCC) has announced that it has formally requested a full investigation into the alleged misuse of shareholders’ funds, following findings highlighted in recent audit reports.
Word for word from the report in The Standard. Open the report