Jailed ex-vice president ordered to pay US$5m
Adeeb was ordered to pay MVR74 million (US$4.7 million) as compensation for losses incurred in the leasing of the Nasandhuraa Palace Hotel in Malé.
03 Apr 2018, 9:00 AM
Jailed former vice president Ahmed Adeeb has been asked to pay MVR74 million (US$4.7 million) as compensation for losses incurred in a hotel development deal.
Adeeb is 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 on Thursday by the finance minister.
The Maafushi prison inmate was ordered to pay the full amount within one week from March 29.
A finance ministry official told Sun that Adeeb could face legal action if he fails to repay since he was found culpable by an Anti-Corruption Commission probe.
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