Anti-Corruption Commission (ACC) has released the detailed report on the investigation of the biggest ever corruption scandal in the recent history of Maldives. An investigation has been conducted on corruption of Maldives Marketing and Public Relations Corporation (MMPRC), according to ACC.
The report publicised the bank accounts and identities of the owners of the bank accounts involved in the scam, and the islands leased by the corporation. The report submitted on ACC website shows investigation on 57 islands, further highlighting the acquisition cost of the islands were deposited to other bank accounts after endorsing checks rather than depositing it to the bank account of MMPRC.
The detailed report on the scandal stated USD 77.45 million should be deposited to MMPRC. However, only USD 12.5 million were deposited. Out of the USD 77.45 million, USD 1.5 million dollars was deposited to Millennium Capital Management Private Limited. The transactions did not state why such a huge amount was deposited to the company, the ACC said.
Meanwhile, the report noted the investigations showed the acquisition cost of Maabinhuraa in Lhaviyani Atoll was directly deposited to Millennium Capital Management. Therefore, a total of USD 6.5 million from the acquisition costs was deposited to Millennium Private Limited.
Moreover, the largest amount of the scandal was deposited to SOF Private Limited, which amounts to USD 64.8 million. SOF also received USD 5.35 million from the USD 12.5 million deposited to MMPRC.
Even though ACC concluded the investigation in 2017, the 759-page investigation report was not publicised until now.