Audit uncovers Fenaka overspent MVR 14M on meals

1 week ago

A special audit report released by the Auditor General's Office has revealed that Fenaka Corporation significantly overspent on meal expenses for contractors working on its projects between 2021 and 2023, with an additional MVR 14.2 million being used beyond the designated budget. The report highlights alleged financial irregularities within the state-owned company during this period. The audit found that Fenaka outsourced