State audit reveals discrepancy in WAMCO earnings
The Auditor General’s Office said on Thursday that WAMCO’s statement shows it received MVR 21.8 million
Vessels operated by WAMCO at a harbour in capital city Malé
A state audit of the Waste Management Corporation (WAMCO) has revealed discrepancies between its earnings and submitted documentation.
The Auditor General’s Office said on Thursday that WAMCO’s statement shows it received MVR 21.8 million this year, although documents do not account for this.
The state auditor attributed this to WAMCO’s ‘inadequate’ database of customers, adding that the corporation needs to improve registration of those who acquire its services.
WAMCO holds itself specially to manage waste management in the ‘Greater Malé Area’, and handles collection, transfer, and disposal of waste from all households and businesses in this jurisdiction since July, 2017.
WAMCO’s former managing director Ibrahim Fuad, who was dismissed by the recent established government, is currently being investigated by the Anti-Corruption Commission over allegations of illicitly facilitating the sale of a landing craft to an individual.
