Police have raided the residence of Moosa Ali Manik, the former Managing Director of the Road Development Corporation (RDC) under former President Ibrahim Mohamed Solih's administration, as part of an ongoing investigation into an alleged fraud case.

According to police statements, electronic devices were seized from Moosa Ali Manik's residence during the raid. Additionally, two premises linked to Yasir, the former Chief Financial Officer of RDC, were searched, and electronic items were confiscated for investigative purposes.

The RDC fraud case, registered in September 2022, involves allegations of MVR 14 million being transferred from RDC’s accounts to those of three individuals. Police previously reported that, in addition to the three key individuals, 15 RDC employees were implicated in the scam. It is alleged that MVR 11 million was transferred to one individual through multiple transactions, while MVR 1 million was deposited into the accounts of two others.

The transactions, reportedly carried out between 2018 and September 2022, involved 216 instances of fund transfers for personal gain, according to police findings.

Earlier this year, in March, Economic Minister and Maldivian Democratic Party (MDP) Chairperson Fayyaz Ismail was summoned by police in connection with a money laundering case involving RDC funds.

The investigation into the RDC fraud case continues as authorities work to uncover the full extent of the alleged misconduct.