Disclosures from the Auditor General’s Office have drawn attention to Maldives Airports Company Limited (MACL) carrying substantial liabilities connected to land reclamation work.
According to reports published on 7 November, the figures include approximately USD 114 million in reclamation-related liabilities, along with the use of a subsidiary as a conduit for certain arrangements.
The revelations come amid broader scrutiny of major infrastructure and reclamation projects, including work at sites such as Giraavaru Falhu and others linked to housing and development plans.
MACL has been involved in several large-scale reclamation efforts. Further details from the audit reports are expected to inform ongoing discussions about project financing and accountability.
Authorities and company officials have not yet issued a detailed public response to the specific disclosures in the latest coverage.
