Police follow MNDF in forming cooperative society to conduct business activities
03 Sep 2012, 4:17 PM
Mohamed Naahee
The Maldives Police Service (MPS) on Sunday registered its first cooperative society, the Police Corporative Society (POLCO), with the Ministry of Economic Development.
Registrar of Companies Ali Sujaau told local news website Sun Online that the cooperative society had been registered with 15 shareholders. Sujau did not reveal any details of the 15 shareholders.
Speaking to local media, Police Spokesperson Sub-Inspector Hassan Haneef said that the cooperative society was formed in accordance with the police act, and that it would to carry out business activities that would help boost the police welfare fund.
“The main purpose of [forming POLCO] is to improve the functioning of police, and for that matter, improve the welfare fund of police officers and their families and retired police officers and their families as well. Even now there is a police shop open,” Haneef said.
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