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A company with shares of Riyaz Rasheed and Adhurey sold diesel to Fenaka for MVR 28 per liter : Saeed

A company with shares of Riyaz Rasheed and Adhurey sold diesel to Fenaka for MVR 28 per liter : Saeed


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Managing Director of Fenaka Ahmed Saeed has stated that a company with shares of former MP of Villifushi Riyaz Rasheed and former MP of Fonadhoo Abduh Raheem Abdullah sold diesel to Fenaka for MVR 28 per liter.

Speaking at the parliament committee today, Saeed said that while Fuel Supply Maldives was selling fuel for MVR 8,.25 and MVR8.75, a company owned by Adhurey and Riyaz was selling diesel for MVR 28. 

He said that this information has been shared with the asset recovery commission made by the president. 

Saeed said that Fenaka is facing huge losses because they had to purchase fuel at above market rates.