Former Thilafushi Corporation head given 3 years for corruption
29 Oct 2014, 7:13 PM
Ismail Humaam Hamid
Former Thilafushi Corporation Managing Director (MD) Ibrahim Riyaz was sentenced to jail for 3 years by the Criminal Court today after being found guilty of using his influence to gain unlawful advantages in the Thilafushi land reclamation project.
The Criminal Court sentence read that Riyaz had denied corruption charges, claiming that the decision to award the project to Heavy Load Maldives was made by the company board of directors.
Heavy Load is owned by the family of Maldives Democratic Party MP and Deputy Speaker of the Majlis ‘Reeko’ Moosa Manik.
The troubled reclamation deal – awarded in 2010 as part of the Thilafalhu Industrial Zone project – faced repeated delays due to both technical and financial reasons.
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