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ACC Forwards Charges Against Ex-MD of Fenaka Nimal and Four Others

Ibrahim by Ibrahim
November 3, 2022
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ACC Forwards Charges Against Ex-MD of Fenaka Nimal and Four Others
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Anti-Corruption Commission (ACC) has forwarded corruption charges against four individuals, including former Managing Director of Fenaka Corporation Limited Mohamed Nimal.

ACC filed the corruption charges against Nimal, Director of Finance and Accounts Minhaj Waheed, Deputy Director of Finance and Accounts Ahmed Azleem, and Deputy Director of the Projects Division Ahmed Solih Nasir.

The charges submitted to the Prosecutor General’s Office (PGO) are concerning agreements Fenaka had made to procure goods from private companies during 2014-2015. The investigation found that the state-owned company had prioritised the interest of the suppliers by paying them without penalising them for liquidated damages.

The investigation also found that the suppliers had delivered goods after the deadline but had not penalised them by reducing the payment, which resulted in USD65,000 in damages for the company. ACC has charged the four company officials with using their position to gain undue benefits and taking action that is against the interest of the state. It has also instructed the company to recover the lost funds.

Tags: ACC

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