Now Reading
Investigation Reveals MVR 6.7M Embezzlement in MPL and FSM

Investigation Reveals MVR 6.7M Embezzlement in MPL and FSM

In a recent development, the Maldives Police Service is actively investigating a corruption case involving Maldives Ports Limited (MPL) and Fuel Supplies Maldives (FSM). The probe reveals an alleged embezzlement of MVR 6.7 million during fuel transactions between January 2020 and October 2020.

During a press briefing on Wednesday, Inspector of Police Yoosuf Looth, Head of Financial Crimes Unit at the Economic Crimes Department, disclosed that MPL issued payments for 119 fuel delivery orders that were never received. The transactions involved falsifying records to indicate fuel delivery to MPL, leading to the misappropriation of funds.

Inspector Looth identified four Maldivians and one foreign national as the suspects in the case, with three individuals associated with FSM and two with MPL. Notably, the investigation found that over MVR 3 million had been deposited into the foreigner’s account between January 1, 2018, and November 30, 2020.

The police have forwarded their findings to the Prosecutor General’s Office (PG Office) and have requested charges against the implicated individuals. Responding to questions during the briefing, the Police emphasized that the suspects hold the highest-ranking positions in both companies concerning fuel-related transactions.

See Also

This unfolding investigation highlights the importance of addressing corruption and ensuring transparency within maritime and fuel-related operations in the Maldives.

MMJ News Desk
Author: MMJ News Desk

View Comments (0)

Leave a Reply

Your email address will not be published.

© Maldives Maritime Journal. All Rights Reserved.