Eydhafushi MP Ahmed “Redwave” Saleem delivered a bold address tonight at the People’s National Congress (PNC) headquarters, directly challenging the past MDP government’s record. Citing fresh scrutiny by Parliament’s Public Accounts Committee, he painted a damning portrait of fiscal decay in state-owned enterprises.
Saleem confirmed that Fenaka, the national utility provider, suffered a staggering 4 billion MVR loss between 2018 and 2023. According to his findings, inflated procurement costs and overpriced contracts under MDP rule drained funds—details he insisted were concealed from citizens.
But Fenaka is only part of the story. Saleem broadened his indictment, stating that several SOEs collectively lost close to 10 billion MVR during the same five-year span. “Nearly 10 billion rufiyaa was stolen,” he asserted, emphasizing the urgency of ongoing public disclosure.
His speech resonated with existing evidence. Independent audits revealed Fenaka’s debts exceeded 4.3 billion MVR, and courts are demanding MVR 7.9 million in overdue supplier payments . Meanwhile, a parliamentary motion from PNC lawmaker Adam Shareef called for a full audit and repayment strategy .
Saleem framed this not as administrative mistakes, but as a deliberate MDP campaign strategy—using SOEs to shore up power. He drew attention to the explosion in Fenaka’s payroll and the utility’s failure to settle debts—moves he linked directly to election-year tactics.
His delivery was succinct and forceful. Short statements. Direct accusations. No ambiguity. He positioned the PNC as the defender of transparency and fiscal discipline—a stark contrast to the MDP’s opaque governance model.
Why it matters:
Fenaka’s crash: Over 4 billion MVR lost through inflated procurement.
SOE reckoning: Nearly 10 billion MVR disappeared across government enterprises.
Legal fallout: Fenaka ordered to pay millions for unpaid bills; audit underway .
Political exploitation: MDP allegedly funneled state resources into electoral apparatus.
PNC’s promise: Public accountability, parliamentary action, and relentless oversight touted as remedy.
Saleem urged citizens to seize the narrative. “We must remind the public again and again,” he insisted, warning that without constant exposure, past abuses could fade into forgetfulness. His message: this is not history—it’s a call to action.
