State-owned company accused of funding president’s campaign
An audit and corruption probe of the Housing Development Corporation are underway.
17 Oct 2018, 9:00 AM
A state-owned corporation is under investigation by the anti-corruption watchdog and auditor general’s office.
The Housing Development Corporation – tasked with the urban development of Hulhumalé, a reclaimed island connected to the capital – is accused of funding President Abdulla Yameen’s failed re-election campaign, the Anti-Corruption Commission’s media official confirmed to the Maldives Independent.
Auditor General Hassan Ziyath has also ordered an audit of the HDC’s finances, newspaper Mihaaru reported.
According to confidential sources, an internal audit of the company has so far revealed MVR30 million (US$1.9 million) was illegally spent for the campaign.
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