Approval by parliament’s Finance Committee to three judges occupying state-owned apartments to purchase the flats was granted in violation of the constitution and Judges Act, the Anti-Corruption Commission (ACC) revealed today, informing the committee to review its decision.
A press statement by the ACC explained that it investigated a complaint alleging three senior judges were occupying state-owned apartments while simultaneously receiving living allowances.
“The complaint states that giving flats only to certain judges is giving them unjust privileges,” ACC Deputy Chair Muaviz Rasheed told Minivan News in April.
The three judges living in flats leased during President Maumoon Abdul Gayoom’s administration by the former Justice Ministry and High Court – under terms that would see the now-defunct ministry and High Court gain ownership upon completion of full payment – are Supreme Court Justice Ali Hameed, High Court Judge Ahmed Shareef and Civil Court Judge Abdullah Adheeb.
The three judges had reportedly been paying rent for the flats in the government-owned Sina-Male’ apartment blocks when the committee decided to grant them ownership upon completion of full payment.
According to its statement, the ACC found that the Finance Committee’s decision to register the flats to the judges was in violation of article 102 of the constitution and article 38 of the Judges Act as well as section 100(a)(11) of the parliamentary rules of procedure.
Article 102 of the constitution states that salary and allowances for members of the judiciary and independent commissions shall be determined by the People’s Majlis.
The Finance Committee’s decision – which was not endorsed by a vote on the Majlis floor – was officially communicated to the Judicial Service Commission (JSC) and Department of Judicial Administration (DJA) on February 6 this year.
“If the decision is implemented, the result will be three judges receiving living assistance or additional benefits not afforded to other judges of the court in direct violation of article 39(b) of the Judges Act,” the ACC statement reads.
Article 39(b) of the Judges Act states that judges in the same court shall be given the same amount as living allowances and prohibits “different kinds of living allowance or benefits for different judges.”
Following its investigation, the ACC informed the Finance Committee on May 23 (Wednesday) to review the decision. The financial oversight committee is chaired by People’s Alliance MP Ahmed Nazim, who was cleared of corruption charges in February.
Misappropriation
Meanwhile, the audit report of the Department of Judicial Administration (DJA) for 2010 revealed that Supreme Court Justices used state funds in violation of the Public Finance Act to settle phone bills, cover expenses for an anniversary celebration and repair a state-owned car.
According to the audit report, the interim Supreme Court bench on October 23, 2008 decided to provide for each Justice “a post-paid line, a phone and to pay the phone bill without a set limit out of the court’s budget”.
“From October 2008 to December 2011, a total of Rf281,519.71 (US$18,256) was spent on phone bills,” the audit revealed, noting that phone expenses for Supreme Court Justices were not included in the salary and allowances approved by parliament.
In addition, the audit found that expenses for the Supreme Court’s annual anniversary celebrations were covered from the court’s budget, which included Rf22,100 (US$1,433) for corsages, Rf12,177 (US$790) for catering and Rf44,000 (US$2,853) to prepare two video documentaries.
To avoid a public announcement to seek estimates for the documentary, the audit found that the work was divided and awarded to the same party under two agreements.
The audit also discovered that Rf13,200 (US$856) was spent out of the apex court’s budget to repair a state-owned car used by a Supreme Court Justice.
According to the police report, the driver of the Justice’s car was responsible for the accident, which occurred on January 23, 2011. However, the official driver insisted the car was undamaged when he left it the previous night.
In a second case, the audit found that the Chief Justice Ahmed Faiz used two court drivers for his official car instead of taking the monthly car allowance of Rf6,500 (US$421) approved by parliament.
A total of Rf255,832.92 (US$16,590) was spent in 2011 to pay salaries and allowances for the two drivers, who had previously been used by the interim Chief Justice Abdulla Saeed.
Despite the findings of the audit report, in March 2011 the Supreme Court dismissed allegations of corruption reported in local media regarding phone allowances and use of court funds to repair Justice Ali Hameed’s car.
Meanwhile in September 2011 the ACC was asked to investigate an official trip to Addu City by Justice Abdulla Saeed from August 30 to September 2, which took place during a four-day government holiday for Eid al-Fitr.
Local daily Haveeru reported in the same month that the ACC was investigating allegations that over Rf50,000 (US$3,200) of state funds was spent on plane tickets for Justice Ali Hameed’s official visit to China in December 2010.
Money market fund assets fall to $2.569 trillion - Yahoo Finance
NEW YORK (AP) -- Total U.S. money market mutual fund assets fell by $5.35 billion to $2.563 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.
Assets of the nation's retail money market mutual funds rose $369 million to $889.88 billion, the Washington-based mutual fund trade group said. Assets of taxable money market funds in the retail category rose $390 million to $702.8 billion. Tax-exempt retail fund assets fell $17 million to $187.08 billion.
Meanwhile, assets of institutional money market funds fell $5.72 billion to $1.673 trillion. Among institutional funds, taxable money market fund assets fell $5.61 billion to $1.586 trillion; assets of tax-exempt funds fell $110 million to $86.95 billion.
The seven-day average yield on money market mutual funds was 0.03 percent in the week that ended Tuesday, unchanged from the previous week, said Money Fund Report, a service of iMoneyNet Inc. in Westborough, Mass.
The 30-day average yield was also unchanged from last week at 0.03 percent. The seven-day compounded yield was flat at 0.03 percent. The 30-day compounded yield was unchanged at 0.03 percent, Money Fund Report said.
The average maturity of portfolios held by money market mutual funds rose to 46 days from 45 days in the previous week.
The online service Bankrate.com said its survey of 100 leading commercial banks, savings and loan associations and savings banks in the nation's 10 largest markets showed the annual percentage yield available on money market accounts was unchanged from last week at 0.13 percent.
The North Palm Beach, Fla.-based unit of Bankrate Inc. said the annual percentage yield available on interest-bearing checking accounts was unchanged from the week before at 0.06 percent.
Bankrate.com said the annual percentage yield on six-month certificates of deposit was unchanged from the previous week at 0.22 percent. The yield on one-year CDs was also unchanged at 0.33 percent. It was flat at 0.53 percent on two-and-a-half-year CDs and steady at 1.13 percent on five-year CDs.
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