Villa slams tax authority over lawsuits to recover US$166m
Villa and its subsidiary companies do not owe any money to the state, the legal team insisted in a statement Monday, accusing the Maldives Inland Revenue Authority of trying to “discredit the companies and damage the businesses”.
16 Aug 2017, 9:00 AM
Lawyers representing Jumhooree Party leader Gasim Ibrahim’s Villa Group have decried lawsuits filed by the tax authority to recover US$166 million allegedly owed as unpaid rent and fines.
Villa and its subsidiary companies do not owe any money to the state, the legal team insisted in a statement Monday, accusing the Maldives Inland Revenue Authority of trying to “discredit the companies and damage the businesses”.
MIRA sued after the high court overturned civil court rulings in favour of Villa over the tourism ministry’s termination of the lease agreements for three islands and two lagoons in February 2015.
Villa’s lawyers noted that the Supreme Court has since concluded preliminary hearings on the five cases after the company appealed the high court decisions.
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