Fenaka's inflated diesel purchase case still at ACC, says prosecutors
An official from the Prosecutor General's Office spoke to RaajjeMV
Entrance to the Prosecutor General's Office at capital city Malé
The corruption probe into rampant spending at the Fenaka Corporation, revealed through a state audit in September, has reached the Anti-Corruption Commission, the Prosecutor General’s Office has confirmed.
An official who spoke to RaajjeMV affirmed that authorities are investigating the case but no decisions pertaining to what charges are going to put forth have been made. RaajjeMV understands that they are investigating the role of a former director at the Fenaka Corporation.
The audit revealed a trail of surreptitious transactions made between the state utilities company, tasked with electricity supply and managing engine and power houses across the country, and various private sector companies to purchase diesel at inflated rates as well as matters of currency exchange and project allocation.
The matter of diesel purchases, directly in violation of the state’s endorsed rate provided by its retail arm the State Trading Company, involves the Fenaka Corporation’s former procurements director and his signature was found on various documents authorizing said purchase.
The state audit found that the Fenaka Corporation’s decision to opt to purchase diesel from said private retailers as opposed to the State Trading Organization cost the company over MVR 21.8 million. Their prices were MVR 1.6 on average per liter more expensive, the report said.
