ACC completes investigation into five MMPRC corruption-related cases

The Anti-Corruption Commission (ACC) has completed its investigation into five major cases related to the MMPRC fraud and has begun the duty prosecution process.

The ACC said the five cases involved both private individuals and companies. However, no further details were given.

"The ACC will continue to disclose further details of these cases after consultations with the Prosecutor's Office," the ACC said in a statement.

ACC President Ibrahim Shamil had earlier said that the former Asset Recovery Commission and state agencies had conducted joint investigations into the MMPRC scam and that they were working on creating a plan to speed up the pace of the investigation in consultation with the agencies.

Referring to the special audit report prepared by the Audit Office last year on the MMPRC scam at the request of the President's Office, ACC Vice President Abdul Salam had earlier said the report mentions the prices at which MMPRC sold lagoons and islands.

"The commission's investigation will give top priority to recover the money lost from the state," he said.

A report prepared by the Asset Recovery Commission formed by President Ibrahim Mohamed Solih and an additional report by the ACC also found that the MMPRC sold 37 islands and 12 lagoons at undervalue. The state should have received an additional MVR 3 billion from the sale of these islands and lagoons, according to relevant reports.

The Asset Recovery Commission has named 114 people in its report as beneficiaries of the money lost from the state. These include former and current members of parliament, former and current government officials, judges, and senior law enforcement officials. The commission later said that not all the people on the list were involved in the fraud. The commission has now been dissolved as it failed to investigate properly and to recover money lost from the state.