Former Fenaka MD Saeed Transferred from Prison to Home Confinement

Ahmed Saeed Mohamed, the former managing director of Fenaka Corporation, who was sentenced to prison last year for corruption, has been temporarily transferred to home confinement. Saeed was sentenced to four years in prison for corruption in the award of a 2018 procurement contract in September last year. A spokesperson from Maldives Correctional Service stated that Saeed was transferred to home confinement on Sunday due to health reasons. Saeed has previously suffered a heart attack, and his family has expressed concerns about his access to proper medical care in prison. His transfer comes just days ahead of Ramadan. The case against Saeed stems from an MVR 848,000 contract signed between Fenaka and Blazon Inc in 2018. The Anti-Corruption Commission (ACC) investigation revealed that Blazon was paid before completing the work without verification. Saeed has appealed the conviction. Additionally, he faces similar charges related to an MVR 11.3 million contract with Kaizaan Investment for an ice plant in L. Maamendhoo.