The Maldives Police Service has launched an investigation into allegations of fuel theft and money laundering involving employees of Fuel Supply Maldives (FSM), a subsidiary of State Trading Organization (STO). The probe was confirmed by Home Minister Ali Ihsan, who shared details of the ongoing investigation on social media.
According to Minister Ihsan, police have conducted searches at two residences and two fuel barges as part of the operation. They have also seized electronic devices and documents believed to be linked to the case. The investigation centers on suspicions that FSM staff misappropriated fuel and laundered the proceeds.
This incident follows a similar case of financial misconduct earlier this year involving FSM and Maldives Ports Limited (MPL). In January, police uncovered evidence that MPL had issued payments for 119 fuel delivery orders that were never fulfilled. The investigation revealed that staff from both MPL and FSM had allegedly embezzled over MVR 6.7 million.
That case implicated one foreign national and four Maldivians—three from FSM and two from MPL. Police confirmed that charges would be filed against all five individuals involved.
