Business Corruption Crime

Ex-WAMCO boss faces corruption charges

The anti-corruption watchdog is seeking charges against the former managing director of the Waste Management Corporation over the purchase of a used dump truck by the state-owned corporation in 2017.

Mohamed Shifau is accused of abuse of authority to unduly benefit a third party, according to an investigation report released by the Anti-Corruption Commission on Sunday.

The 350-kilo dump truck was sold to WAMCO by a company called Quebec Investments but it was registered under M CO Holdings, whose shareholders included Shifau, the ACC explained.

WAMCO’s initial bid request for a one-tonne truck was later changed and the smaller vessel was purchased at an inflated cost.

The truck was imported to the Maldives a year before it was sold to WAMCO. It was labelled as new and sold after minor repairs at the cost of a new truck, the ACC found.

Even though the truck was sold to WAMCO by Quebec Investments it was owned by M CO Holdings. The two companies are run by brothers, the ACC noted.

“Quebec Investments transferred 94 per cent of the payment of the truck to a company called Monark Private Limited, a company the former managing director has an interest in,” the statement read.

The watchdog forwarded the case to the Prosecutor General’s office to press charges against Shifau.

Full details are available at the link below:

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Source URL:  Maldives Independent

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