Managing Director of Road Development Corporation RDC Moosa Ali Manik says he has not embezzled any funds from the company account and siphoned them off to his own account.
His comments came as the Police launched an investigation into corrupt practices at the Road Development Corporation RDC.
In response to reports of corruption, Manik said he was not former President Abdullah Yameen to embezzle and deposit money into his own account. He also said that the news about him is definitely false.
Manik said this in indirect comments to media reports speculating the nature of the allegations under investigation.
While authorities are yet to confirm the nature of the corruption at RDC, media reports suggest that the embezzlement involves Moosa and CFO Yasir Hassan.
Some sources have accused CFO Yasir transferred a whopping MVR 13.8 million from the company's account at the Bank of Maldives to his own account.
Reports also say that the two failed to detail how the funds were spent. It has also been reported that CFO Yasir is MD Moosa's brother-in-law as Yasir married his younger sister one month ago.
