According to the report the president's office has issued loans of millions of dollars to unspecified individuals and parties of which close to 4 million US dollars have not been paid back.
The report also reveals that the president's office made cash payments of more than half a million US dollars to two individuals in the armed forces most of it for undisclosed "government needs". The individuals may well be Anbaree Abdul Sattar and Adam Zahir, or the "chief torturer", believed by many to have been instrumental in setting up the culture of torture that has physically and psychologically abused Gayoom's opponents, even killed them, in Maldives prisons.
The auditor general has described these loans as politically influenced, warning that getting the money back will be tough.
The president's office, it emerged, has also been bribing the newspapers Haveeru, Afathis, and Miadhu.
But the most damaging thing in the report is the disclosure that the auditor general is currently investigating Gayoom himself: his possessions, money, business interests and loans.
This is political dynamite and MDP and New Maldives have already made statements in response to the report while former attorney general Azima Shukoor was on TV, at the time of writing this post, unsuccessfully trying to defend the dictator.
The opposition, including MDP who have been too soft on Gayoom lately, must call on the prosecutor general to take action against Gayoom.
This is no time for reconciliation. Gayoom must face justice for what he has done.