Politics

On advice from the Cabinet, the President decides to extend the term of State Assets Recovery Commission until the end of November – Press Releases

At a press conference held at the President’s Office today, the Chair of the Commission on State Assets Recovery, Minister of Home Affairs Azleen Ahmed has stated President Abdulla Yameen Abdul Gayoom has decided to extend the term of the Commission until the end of November 2018. The decision was made on the advice from the Cabinet, following discussions held at the Cabinet meeting today.

During the press conference, Minister Azleen stated that the main purpose of establishing the Commission was to analyze and monitor efforts taken by the respective authorities to recover State assets, and taking necessary actions with regards to recovering the revenue lost by the State.

At the press conference, Minister Azleen highlighted that the commission has discovered around 29.7 billion Rufiyaa missing from State funds. He also noted the high priority accorded by President Yameen to recovering lost State assets.

The State Assets Recovery Commission, established by a Presidential Decree on 20th July 2017, is tasked with analyzing efforts taken by the State institutions to recover the missing State assets highlighted in reports issued by the Office of the Auditor General and the Anti-Corruption Commission.

Full details are available at the link below:

Source URL: The President's Office

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