Adeeb let off the hook over MVR74 mn payment
The jailed former vice president had been asked to pay the sum over losses incurred in a hotel development deal.
30 Apr 2018, 9:00 AM
Jailed former vice president Ahmed Adeeb does not have to pay MVR74 million (US$4.72 million) in compensation, after the finance ministry sent him a letter voiding the payment notice.
He had been asked to pay the sum over losses incurred in a hotel development deal.
The letter, signed by finance minister Ahmed Munavvar, said the original notice was annulled because the Anti-Corruption Commission was reviewing the case.
Adeeb was accused of failing to collect 50-year lease extension fees for the Nasandhuraa Palace Hotel when leaseholder rights were sold to NPH Investments while he was tourism minister, according to a letter sent to him earlier this year.
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