More than MVR100 million given illegally to MRDC
The money was not included in the state budget.
10 Jul 2018, 9:00 AM
The Maldives Road Development Corporation was given more than MVR100 million (US$6.47 million) that was not included in the state budget, an audit report has found.
The audit report of state enterprises revealed that the MRDC was provided with MVR89.9 million as capital, despite the amount not being listed in the state budget.
It was handed out during a four-year period: MVR21.8 million in 2013, MVR19.1 million in 2014, MVR2.2 million in 2015 and MVR46.7 million in 2016.
The report, published last month, also found that an additional MVR11.4 million was issued illegally. The total amount given to the company – in violation of finance laws and rules – was MVR101.2 million.
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