Civil Court again summons DRP MPs Azim and Nashiz over unpaid debt of MVR 117 million
21 Nov 2012, 6:13 PM
Ahmed Nazeer
The Civil Court has sent summons to Dhivehi Rayyithunge Party (DRP) MPs Ali Azim and Mohamed Nashiz, regarding a case concerning unpaid loans taken by Funaddoo Tuna Products from the Bank of Maldives in which the pair were the guarantors.
Both Nashiz and Azim were ordered to produce themselves to the Civil Court at 2:45pm tomorrow.
In 2010, the Civil Court and the High Court ordered the company to repay a loan of MVR 117 million (US$7.6 million) taken from the Bank of Maldives. The Civil Court’s ruling stated that the guarantors are also responsible for the loan.
The case has now been submitted to the Civil Court as the company failed to follow the court ruling to pay within a term of one year.
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