Fenaka Corporation Managing Director Mohamed Afeef has publicly detailed corruption, procurement irregularities and mismanagement at the state utility, citing an Audit Office report covering 2021 to 2023. He said he is working to bring reforms so the company can be managed sustainably.
One outlet so far Only The Edition has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
There has always been an issue of generating capacity not increasing at islands to the necessary amounts, where distribution has not been expanded as needed, we are unable to procure the cables that we need to expand distribution, and we a…
For example, the equipment needed for the expansion of water plants and distribution and generators as well, the spare parts that are needed for this were acquired from very ordinary companies.
It is just some small name with International Private Limited at the back, where these international companies do not have any signs, there are no outlets but these companies were utilized in bringing the spare parts
And so, I have realized that these companies are quite under the radar.
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
a total of MVR 2.2 billion had been spent from 2021 to 2023 in Fenaka acquiring goods and services
Word for word from the report in The Edition. Open the report
While Fenaka has spend more than MVR 1 billion on awarding projects to various companies between 2021 and 2023, there are 41 of those projects that remain unfinished
Word for word from the report in The Edition. Open the report
The report estimated that more than MVR 2 billion would need to be spent in completing the unfinished projects
Word for word from the report in The Edition. Open the report
While Fenaka has spend more than MVR 1 billion on awarding projects to various companies between 2021 and 2023, there are 41 of those projects that remain unfinished
Word for word from the report in The Edition. Open the report
the first thing he did with his 27 years of experience in the management industry after being appointed as the MD was to see the state of the corporation
Word for word from the report in The Edition. Open the report
Afeef offered some details regarding said transactions while giving a special interview to Mihaaru News.
Word for word from the report in The Edition. Open the report