Let it go: Villa Group bank accounts no longer frozen
Villa Group has experienced several setbacks since the Jumhooree Party split with the ruling coalition and allied itself with the opposition.
25 Apr 2018, 9:00 AM
Villa Group’s bank accounts have been unfrozen following a favourable Supreme Court ruling for the troubled conglomerate, which is owned by the self-exiled Jumhooree Party leader Gasim Ibrahim.
Mihaaru Daily quoted anonymous sources who confirmed to the newspaper that the accounts were back up and running. Avas and VFP, quoting their own sources, also reported that the accounts had been unfrozen.
Villa and the Maldives tax authority refused to comment on the reports.
The Supreme Court ruled in favour of Villa last week, saying the government had unlawfully revoked agreements for three islands and two lagoons in 2015.
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