"There are significant gaps in the draft and does not include evidence and statements given to the commission by many people", Saeed said in a statement released here.
"I believe remaining silent on the unfolding of events would be an injustice to this nation and to the people of the Maldives", Saeed said.
The five-member CONI headed by a Singaporean judge GP Selvam, was asked to probe the events of February 7 when Mohamed Nasheed resigned as president and Mohamed Waheed succeeded him.
"7 February 2012 shocked all Maldivians. The draft report, written by Judge Selvam presented to me today invalidates all that we saw and experienced on that day", Saeed said.
CONI which was set up following international pressure, is thought to be ruling out the February 7 events as a coup.
But Nasheed's MDP anticipated findings to back its claim of a coup.