Asset recovery commission’s term extended to November
The commission was formed for a one-year period in July last year to oversee the recovery of stolen funds flagged by the Auditor General and the anti-corruption watchdog.
15 May 2018, 9:00 AM
President Abdulla Yameen has extended the term of a commission formed to recover stolen assets until November 2018.
The commission was formed for a one-year period in July last year to oversee the recovery of funds flagged as stolen by the Auditor General and the anti-corruption watchdog.
Home Minister Azleen Ahmed, chair of the five-member commission, told the press Tuesday that the state was owed MVR29.7 billion (US$1.9 billion) from various parties, up from the previously floated figure of MVR13 billion.
The amount eclipses the entire state budget for 2018.
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