MVR 4.5 million spent on DBM’s office setup

4 hours ago

Maldives Transport and Contract Company (MTCC) was paid over MVR 4 million by the state to set up the office for the Development Bank of Maldives (DBM), which has yet to be operationalized. The establishment of a development bank in Maldives was one of President Dr. Mohamed Muizzu’s electoral pledges. He used the powers vested in him under the Companies Act