Probe over missing money from Fenaka office in Addu

A probe has been launched over money that has gone missing from a Fenaka Corporation office.

Fenaka’s Spokesperson confirmed to Sun that a probe has been launched.

As per the Spokesperson, the money went missing from Fenaka’s office at Addu City’s Maradhoo. However, the Spokesperson said no further details can be disclosed at the moment as it was an ongoing investigation.

Some media outlets have reported that Fenaka was investigating money that has gone missing from the office on multiple occasions, totaling at MVR 400,000.

Fenaka has been a company that had long operated at a loss with multiple accusations of corruption targeted their way.

President Dr. Mohamed Muizzu recently decided to make Fenaka a subsidiary of State Trading Organization (STO) as part of his administration's efforts to improve the operations of state-owned companies/