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Committee of the Whole House 2nd sitting of 2026

MALÉ, Maldives: Parliament has approved a proposal to request a police investigation into alleged corruption and possible money laundering linked to Fenaka Corporation projects carried out in Addu City during the previous administration.

The decision follows a recommendation by the Public Accounts Committee after reviewing a special audit report on Fenaka's operations and projects in Addu.

The audit found that several projects carried out by Fenaka's Addu branch caused significant financial losses to the company. It also revealed that the corporation had failed to recover MVR 77 million in unpaid electricity and water bills.

The report further stated that MVR 783,296 worth of goods had been purchased from businesses linked to relatives of Fenaka employees using petty cash transferred to employees' personal bank accounts.

It also found that MVR 130,220 in petty cash had been withdrawn using forged documents. As a result, auditors said they could not verify part of the MVR 4.3 million spent through petty cash on the projects.

During its review, committee members proposed referring those involved to the Maldives Police Service and the Anti-Corruption Commission (ACC).

The committee also

called for an investigation into possible money laundering to determine whether project funds had been transferred to the bank accounts of relatives of senior officials at Fenaka's Addu branch.

In addition, members proposed changes to Fenaka's procurement policy to prevent the company from purchasing goods or services from businesses connected to its employees or executives.

After approving the committee's recommendations, the report was submitted to Parliament.

The proposal to request police investigations into the alleged corruption and possible money laundering was passed unanimously, with all 53 members present voting in favour.