The Anti-Corruption Commission (ACC) of the Maldives has initiated an investigation into a case surrounding the current administration’s flagship housing initiative, the ambitious “Rasmale'” project.
The ACC spokesperson has confirmed the launch of an investigation but refrained from divulging additional information due to the ongoing nature of the inquiries.
The primary opposition force, the Maldivian Democratic Party (MDP), has levied accusations against the Rasmale’ project, describing it as a hotbed of corruption valued at a staggering MVR 70 billion (approximately $4.5 billion USD).
In a press conference held last Monday, Kendhikulhudhoo MP Ahmed Easa, speaking as the MDP’s parliamentary spokesperson, highlighted an alleged agreement between the government and the Sri Lankan company Capital Marine and Civil Construction (CMC). This agreement allegedly involves granting CMC 70 hectares of land in exchange for reclaiming the Fushidhiggaru lagoon for the development of the new island.
“We have repeatedly brought attention to the shocking degree of corruption involved in this project,” stated Easa.
The MP further contended that land values within the Greater Male’ region justify the estimated corruption figures, with rates exceeding MVR 6,500 per square foot. Easa called upon the ACC to thoroughly investigate the case.
Parliament Deputy Speaker Ahmed Saleem initiated the spotlight on the project by submitting an extraordinary motion for clarification. The motion raises questions about the project’s cost, procedural details, and how a dredger was commissioned for reclamation purposes.
The state budget includes significant financial allocations for the Rasmale’ project: MVR 600 million for 2025 and MVR 350 million for the subsequent year. Despite its ambitious nature, the initiative faces opposition from the MDP, who advocate for diverting Rasmale’ funds towards the completion of existing development projects in Gulhifalhu and Giraavarufalhu.
