US$875m lost or stolen from state coffers says Maldives
The Maldives declares that more than MVR13billion (US$875 million) has been lost or stolen from state coffers since 1999, as it announces efforts to recover assets lost in high-profile corruption case from former president Maumoon Abdul Gayoom’s era.
12 Oct 2017, 9:00 AM
The Maldives Thursday declared that more than MVR13.5 billion (US$875 million) has been lost or stolen from state coffers since the 1990s, as it announced efforts to recover assets lost in high-profile corruption cases from former president Maumoon Abdul Gayoom’s era.
The amount eclipses the entire state budget of 2010.
In a press conference held by the Commission on State Assets Recovery, the home minister and chair of the commission, Azleen Ahmed, blamed former governments for negligence in the loss.
“This is the first time a commission mandated to facilitate the recovery of state assets has been established. Previous governments neglected this,” Azleen said of the presidential commission established by President Abdulla Yameen in July.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
