Parliament Orders Fenaka to Recover MVR 200,000 in Excess Payments
3 އޯގަސްޓު 2026 | ހޯމަ 10:49The Parliament has approved the implementation of 14 recommendations from a special audit report on Fenaka Corporation, including measures to recover funds disbursed through unauthorized staff promotions and salary increments. The resolution mandates the Anti-Corruption Commission and the Maldives Police Service to investigate potential acts of corruption, while further directing the utility company to strengthen its recruitment policies and implement stringent cost-cutting measures.
Managing Director of Fenaka Corporation, Muad Mohamed Afeef Hussain. | FENAKA
The Parliament has passed a resolution directing Fenaka Corporation to identify and recover over MVR 200,000 in excess payments made as salaries and allowances to employees involved in the company's in-house projects.
During Monday's Parliament sitting, the Public Accounts Committee presented its findings following a review of a special audit report into Fenaka Corporation’s recruitment practices, promotions, and salary and benefit structures.
No amendments were proposed to the report finalized by the Public Accounts Committee. Consequently, the report was put to a vote during the scheduled voting session. The Parliament passed the report unanimously, with all 56 members present voting in favor.
The Parliament has approved a series of directives outlined in the report, which includes 10 specific instructions for Fenaka Corporation, two matters to be referred to the Anti-Corruption Commission (ACC), one issue for the Auditor General’s attention, and one case to be submitted to the Police for investigation. Among the directives issued to Fenaka, the Parliament explicitly instructed the company to halt all further recruitment until a comprehensive assessment is conducted to verify the actual necessity for additional staff.
Furthermore, it was decided to direct the Anti-Corruption Commission (ACC) to investigate the issues highlighted in the audit report. Fenaka Corporation has also been ordered to submit a detailed report to the Public Accounts Committee within the next six months, outlining changes in company expenditure and revenue growth following its recent downsizing efforts. Additionally, the committee passed a motion to mandate amendments to the company’s regulations to ensure that no personnel can be hired without a public recruitment announcement.
The report stipulates that no personnel should be hired without first conducting interviews and basing recruitment decisions strictly on those results. It further directs the company to strengthen its Human Resources Standard Operating Procedures (SOPs) and mandates that the revised SOPs be shared with the Public Accounts Committee. Additionally, the report instructs Fenaka to harmonize and reform its corporate salary structure.
Furthermore, Parliament has passed a resolution to refer the matter of irregular staff promotions granted in 2022 and 2023 to the Maldives Police Service and the Anti-Corruption Commission (ACC) for investigation. The resolution also directs that those responsible for the planning and management of Fenaka’s in-house projects be held accountable and subjected to disciplinary action. The report further reveals that an excess of MVR 229,711 was paid in salaries and allowances to individuals involved in these projects. Consequently, Fenaka has been instructed to identify the recipients of these overpayments and initiate proceedings to recover the funds.
