Fenaka audit exposes rampant corruption at utility corporation
A special audit flagged several suspicious transactions that unduly benefited private parties, including the purchase of dollars from businesses without money exchange licenses, the purchase of diesel at inflated prices, and the awarding of lucrative projects without a fair bidding process.

23 Sep 2017, 9:00 AM
The emergency purchase of 38 generators based on a quotation from one company in 2014.
Completing payments to contractors who failed to supply goods and services according to the terms of the agreement and the failure to deduct MVR2 million as a fine.
Hiring a company that came third in the bidding process to equip the Fenaka showroom in the Hithadhoo ward of Addu City.
Agreeing to a quoted price that was MVR2.3 million higher than the cheapest option by citing an extended credit period but completing the payment without taking advantage of the credit period.
Awarding an MVR9 million project to a company that was allowed to revise its bid to offer a longer credit period.
Hiring a company to transport generators despite a better proposal that was cheaper by MVR1.39 million.
Missing documents including payment vouchers for 24 transactions, invoices for 15 transactions, and purchase order forms for seven transactions.