Ahmed Saeed, the former Managing Director of Fenaka Corporation, is facing corruption charges, with the case now forwarded to the Criminal Court. The Prosecutor General’s Office announced that alongside Saeed, charges are being pursued against Mariyam Dheena, the company’s former Procurement Head. The allegations involve releasing funds to Blazon Inc. in 2018 before completing and verifying a contractual agreement between Fenaka Corporation and Blazon Inc.
Both Saeed and Dheena are accused of abusing their official positions to provide undue benefits to Blazon Inc. Should they be found guilty, they could face a prison term of one year, seven months, and six days. The Prosecutor General’s Office highlighted that Fenaka’s actions led to a financial loss of MVR 848,000.
Additionally, while Saeed faces charges in this particular Fenaka case, the Anti-Corruption Commission (ACC) is currently investigating multiple cases associated with him. His passport has been confiscated in relation to these ongoing investigations. During Saeed’s tenure under former President Ibrahim Mohamed Solih’s administration, Fenaka was embroiled in significant corruption allegations. Numerous cases were reported to the ACC at that time, suggesting projects were awarded unjustly to benefit particular parties. However, the ACC did not sufficiently investigate or take necessary action on these allegations at that period.
