ACC: State owed MVR 1.95B, recovered only MVR 1.4M in ‘18

Anti-Corruption Commission (ACC)’s investigations in the year 2018 place the amount of money owing to the State at MVR 1.95 billion, out of which the State only recovered MVR 1.4 million, reports the commission.

ACC released its annual report for the year 2018 this Sunday.

Vice President of ACC, Uz. Muaviz Rasheed, at the function to release the report, delivered a short presentation.

Muaviz said the ACC’s investigations forwarded to the Prosecutor General’s Office for charges in 2018 identified the State is owed 108.7 million. An additional MVR 1.84 billion is owed by State institutions and offices, placing the total amount of money owed to the State at MVR 1.95 billion.

“Our records show the State only recovered MVR 1.4 million from the total amount of money owed to it. This is the amount recovered from the amounts I mentioned before, as per records of State institutions,” said Muaviz.

He said that ACC has requested for criminal charges from the Prosecutor General’s Office to recover MVR 1.95 billion in missing State funds over the past seven years. The largest amount in a single year was in 2017 when the ACC requested Prosecutor General’s Office for charges to recover MVR 1.3 billion, reported Muaviz.

MVR 3.9 billion was identified by ACC as funds which need to be recovered to the State over the past seven years.

ACC investigated 1,299 cases in 2018, seven of the cases were ruled as acts of corruption.