Only MVR 200,000 has been recovered out of MVR 50 million lost to the state through corruption last year, the Anti-Corruption Commission (ACC) has said.
According to the ACC's annual report released on Monday, the commission sought the recovery of MVR 50,370,521 worth of funds lost to the state. Most of the funds were lost from state-owned companies. The ACC instructed companies to recover MVR 50,345,542.
ACC's annual report shows that the companies recovered MVR 181,352 in addition to MVR 53,180 from funds lost in the previous year. The total amount was MVR 234,532.
Institutions that recovered funds
- Education Ministry - MVR 29,120
- City councils - MVR 10,500
- Island councils - MVR 13,559.42
- Companies - MVR 181,352.15
Institutions instructed to recover funds
- Health Ministry - MVR 7,779.75
- Islamic Ministry - MVR 2,200
- Independent institutions - MVR 15,000
- Companies - MVR 50,345,542
During the past five years, ACC asked institutions to recover a total of MVR 263 million, of which MVR 160 million was from 2019. The second highest amount of funds over the past five years that needed to be recovered was from last year.
