Defence ministry overpaid contractor for housing project
The ministry of defence and national security overpaid a private contractor MVR92 million (US$6 million) for a housing project in 2015, an audit report has found.
24 May 2017, 9:00 AM
The ministry of defence and national security overpaid a private contractor MVR92 million (US$6 million) for an unfinished housing project, the ministry’s 2015 audit has found.
According to an audit report released Sunday, the military’s cooperative society SIFCO made payments to the contractor without overseeing the construction process.
The contract awarded to Noomadi Resorts and Residences in 2013 for constructing 300 housing units in Hulhumalé was cancelled on January 27, 2016.
The audit report noted that SIFCO had released US$8 million to Noomadi by the end of 2015, including US$691,044 paid by the military officers and soldiers who were promised the flats.
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