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Corruption Charges Filed Against Former Fenaka Corporation MD and Procurement Head

26/12/2024

Zain Rasheed

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Malé, Maldives - December 26, 2024: The Prosecutor General's Office has filed corruption charges against Ahmed Saeed Mohamed, the former Managing Director of Fenaka Corporation, and former Procurement Head Mariyam Deena Solih. The charges, filed in the Criminal Court, pertain to the authorization of MVR 848,000 in improper payments to Blazon Inc Private Limited without verifying the completion of the contracted work.

In 2018, Blazon Inc received these payments under questionable circumstances, leading to significant financial losses for Fenaka Corporation. The Prosecutor General's Office alleges that this misconduct provided Blazon Inc an unfair advantage and resulted in a loss of MVR 848,000 to the corporation.

Both Ahmed Saeed and Mariyam Deena Solih have been charged with misusing official authority under Section 513(b) of the Penal Code. If convicted, they each face a basic sentence of 1 year, 7 months, and 6 days imprisonment.

The case highlights the ongoing efforts to combat corruption within public sector entities in the Maldives, emphasizing the need for stringent oversight and accountability in government-related financial transactions.

This development is part of broader initiatives to ensure transparency and integrity in the public sector, aiming to restore public trust in government institutions. The public and stakeholders are closely watching the proceedings, which are expected to be a significant step towards addressing corruption and promoting ethical governance in the Maldives.

The Criminal Court will soon commence hearings on this high-profile case, which could set a precedent for future corruption-related investigations and prosecutions in the Maldives.

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