Prosecutor General (PG) Office has passed not to press charges on Mohamed Nimal, former Managing Director of Fenaka Corporation, over the release of cash to Sharu Launch Services to purchase US dollars.

Anti-Corruption Commission (ACC) had filed case against Nimal, Deputy Director, Chief Technical Officer and Director, stating that they had abused their position to allow a party to illegally benefit from the said transaction.

However, on Wednesday, ACC was informed that the four will not be prosecuted.

ACC's President Hassan Luthufee had confirmed the news to several media. Luthufee said that PG Office presented several arguments not to try the four. He added that the Commission will deliberate on the matter and reveal the decision.

ACC report on the case stated that Fenaka had paid Sharu Launch Services an advanced sum of just over MVR 17.8 million to acquire US$ 1.1 million. The company had failed to both complete the agreed service and repay the amount. It also stated that Corporations Deputy Director, Chief Technical Officer had signed the payment voucher which authorized the release of MVR 469,000 million to purchase MVR 300,000.

Both Chief Technical Officer and Director had signed the cheque which released MVR 6 million for the purchase of US$ 389,105. The Director had also signed an additional cheque for MVR 7.2 million to buy US$ 469,000.

ACC added that no background checks were carried out on Sharu Launch Services prior to engaging in the transactions. It also said that Sharu Launch Services had gained illegally from the transaction.