Suhail appointed deputy minister despite ongoing FSM corruption probe

Apr 10, 2025, 4:29 AM
Suhail appointed deputy minister despite ongoing FSM corruption probe

Ismail Suhail, former managing director of Fuel Supply Maldives (FSM), has been appointed deputy minister of the Ministry of Cities, Local Government and Public Works.

Adhadhu can confirm that the appointment was made a month ago despite an ongoing investigation into major corruption allegations linked to FSM, a subsidiary of the State Trading Organization (STO).

A source said Suhail was given the position because of his close relationship with a government minister.

The government did not announce his appointment.

An investigation is ongoing into FSM employees suspected of stealing fuel from the company and laundering the money gained from selling the oil.

Homeland Security Minister Ali Ihusaan revealed the investigation on social media on December 1. He said police had searched the homes of 10 individuals and two oil barges and recovered electronic equipment and documents related to the case.

The investigation into the suspected oil theft and money laundering is still ongoing. Several FSM employees were sacked after police initiated the investigation.

One suspect is the captain of an FSM oil barge who had circulated more than MVR 21 million through his account within a short period.

Sources told Adhadhu on condition of anonymity that his monthly salary is MVR 35,000 but more than MVR 21 million had circulated through his account within a short period.

Suhail resigned on November 26 after the board began the process of dismissing him. His home was raided for the investigation.

Comments

Read More

Latest News

Priority should be sale of assets to generate immediate liquidity

Former President Mohamed Nasheed urged the Maldives to prioritize selling assets for immediate liquidity rather than long-term projects like the $20 billion Rasmalé development. He argued the UAE-backed waterfront deal will not provide the urgent cash flow needed to resolve the nation's current financial crisis.

Police seek charges against six men for assaulting officers

Maldives Police are seeking charges against six men for assaulting officers during a drug search in Maafushi. Five suspects remain in custody, while one was released by the court. Authorities have also appealed the release of a seventh individual involved in the August incident.

No tax concessions for UAE developer in Rasmale' project

The Maldives government awarded the $20 billion Rasmalé project to UAE developer Eagle Hills without tax concessions or exemptions. All business activities will follow national tax laws, with payments processed through local banks. The state expects over $11 billion in revenue from sales fees and commercial revenue sharing.

No details on size and value of land given to Dubai company

The Maldives government signed a $20 billion deal with Dubai’s Eagle Hills to develop a massive integrated zone in Rasmalé. While the project promises 54,000 jobs and housing, officials have withheld specific details regarding the land size, valuation, and lease terms. The area is expected to operate as a special economic township.

Rasmale' investor to build 5,000 housing units in Hulhumale'

The Maldivian government has partnered with UAE-based Eagle Hills to build 5,000 housing units in Hulhumalé using a contractor financing model. This agreement follows a massive $20 billion deal for the firm to develop Rasmalé. The project will feature luxury residences and a world-class marina without impacting existing housing plans.

AMFA concludes first Junior Lifeguard Program

The Australia Maldives Friendship Association successfully completed its first Junior Lifeguard Program pilot in Thulusdhoo and Fuvahmulah. The initiative trained youth in water safety and rescue skills to enhance maritime security. AMFA plans to expand the program across the Maldives by 2027 through partnerships with local councils.

Project to build international bowling arena in Hulhumale'

A private company has been awarded a MVR 20 million project to build the Maldives' first international-standard bowling arena in Hulhumale'. The two-story facility aims to host global competitions, though the direct award process lacks an official statement. This project is part of a broader plan to develop world-class sports infrastructure.

Newsletter

Get the latest news delivered straight to your inbox