Fenaka Corporation has announced that corrective measures are being implemented in reaction to the corruption issues highlighted in the audit report that occurred at the company during the last three years of the previous MDP administration.

The audit report published by Auditor General Hussain Niyazi last Thursday evening pertains to Fenaka operations from 2021 to 2023. The report uncovers significant instances of corruption, particularly involving former Fenaka Managing Director Ahmed Saeed.

A statement released by Fenaka Corporation yesterday regarding the audit report indicates that corrective actions are being implemented right away.

This requires establishing a monitoring system to guarantee that procurement and operational policies conform to set regulations. Strengthening communications with stakeholders and enhancing the system for reporting and sharing information is also suggested.

A crucial reform guarantees that any violation of law, regulatory infraction, or failure to perform duties is quickly communicated to the relevant State authorities. Fenaka stated that this aims to stop the recurrence of problems similar to those highlighted in the audit report.

Fenaka highlighted that the present management functions entirely within legal and regulatory guidelines.