Maldives Anti-Corruption Commission (ACC) has filed a case against former Waste Management Corporation (WAMCO) managing director Ibrahim Fuad for a scandalous transaction made during his tenure.
ACC had filed a case against the former MD for a transaction he supervised to procure a landing craft to the company to provide personal favors for a third party; the case has been lodged at Prosecutor General's office and awaits trial opening.
While Fuad is alleged for the offense of corruption, formal charges by PG's office is expected soon.
In a statement released by ACC Fuad had complete oversight of a dubious transaction with a Singaporean private company which was contacted through a local private agent to settle a 30% of buying price against procurement policies of the waste management company.
An investigation into the matter by ACC has revealed the advance payment invoice forwarded to WAMCO for the procurement process was approved directly by the company's managing director.
Furthermore the investigation revealed the proposal forwarded by the foreign private corporation did not bear WAMCO's entry seal or stamp while the proposal was forwarded on personal request by Fuad. The probe also indicates the document was never received to WAMCO under any official status.
The proposal was forwarded without the request from any of the waste management company's internal department and it also violates the existing procurement policy of the entity. Moreover the standard procedure of procuring equipment or machinery involves the department responsible for or is in requirement of it must place a formal acquisition or purchasing order to the company's board; and documents reflect the state owned company did not require a landing craft for its operations.
The landing craft under question was thoroughly inspected and surveyed upon following which multiple issues with the vessel was registered but the information was not disclosed to anyone employed under the company by its managing director. ACC claims Fuad had proceeded in purchasing the vessel despite knowing the unacceptable condition of it.
ACC is seeking to collect the advance payment MVR 3.9 million from Fuad as well as press official charges against him for gross misconduct and abuse of power.
