Health ministry audit reveals Rf11.8 million (US$761,290) fraud

A local company charged with procuring medical consumables and laboratory equipment for Malé and regional hospitals has defrauded the health ministry out of Rf 11.8 million (US$ 761, 290), an audit report has revealed.

RF46 million needed to cover damage to court buildings: DJA

A total of Rf46 million (US$3 million) will be needed to repair the damages caused to seven courts in different islands of the the southern most three atolls during the political unrest on February 8 evening, the Department of Judicial Administration (DJA) has revealed.

Presidential Commission forwards Yameen’s alleged US$800 million illegal oil trade for prosecution

The Presidential Commission claimed yesterday that findings implicated Yameen and two other shareholders of STO Singapore – former Managing Director of STO Mohamed Manik and former Managing Director of STO Singapore Ahmed Muneez – in the alleged illegal oil trade with the Burmese junta.

Criminal Court issues Interpol red notice to arrest three suspects in Rf18 million fraud

Police had earlier arrested one person in connection with the case, but the court released him after determining that he was arrested unlawfully. He subsequently fled the country.

Civil Court overturns EPA’s Rf100 million fine against Champa over Thunbafushi

The Civil Court has overturned the Environmental Protection Authority (EPA)’s Rf100 million (US$6.5 million) fine against local business tycoon Mohamed ‘Champa’ Moosa.

India extends US$100 million standby credit facility to Maldives

India and the Maldives today signed five agreements for bilateral cooperation in achieving economic stability and promoting the development of Maldives infrastructure and cooperative relations between the two countries.

Maldives hosts networking event for Asian travel reps

The Maldives is currently hosting representatives from over 30 tour and travel companies from across Asia, as part of a ‘Discover Your Island’ campaign to increase tourism from these countries.