Graft watchdog probes over a dozen cases involving state media firm

Fourteen cases involving Public Service Media (PSM) are being probed by the graft watchdog, the new Managing Director of the state media firm Ali Khalid has said.

The current financial situation of state broadcaster of Maldives is dire due to several large borrowings taken from various local companies, Khalid revealed while speaking on private television station VTV on Monday.

Khalid added that several procurement procedure violations had been found when the new management took over the firm after the change in government in September last year.

The current debt of the company amounts to MVR200 million, although the specifics of the borrowings were not disclosed.

An official from ACC confirmed to AVAS that 14 cases involving PSM are currently being investigated, and that details of the cases cannot be disclosed at the time.