Audit flags US$22k ‘missing’ from ports company
A special audit of the Southern Transport Link has flagged more than MVR350,000 (US$22,700) worth of income gone missing from the subsidiary of the state-owned Maldives Ports Limited.
11 Oct 2017, 9:00 AM
A special audit of the Southern Transport Link has flagged more than MVR350,000 (US$22,700) that has gone missing from the subsidiary of the state-owned Maldives Ports Limited.
According to the report made public Monday, the money was earned from ferry services, transporting cargo and renting out vessels between December 21, 2015 and May 31, 2016 but was not deposited into the ports company’s bank account.
Auditor General Hassan Ziyath recommended both an internal inquiry to find out who was responsible and a probe by the Anti-Corruption Commission into the missing funds.
The STL was set up in December 2015 to provide public transport in the southernmost atolls of Addu and Fuvahmulah. The MPL asked the audit office to look into suspected embezzlement in June 2016.
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