MTCC seeks probe into shareholder fund misuse

5 days ago

The Maldives Transport and Contracting Company (MTCC) has formally filed a complaint calling for an investigation into alleged misuse of shareholders’ funds by the company’s previous management. In a statement released Thursday evening, MTCC, describing itself as a shareholders’ company, cited recent audit findings that point to a pattern of financial mismanagement and disregard for shareholder interests. The company urged relevant authorities