Gasim’s Villa wins back all five resort properties seized during crisis
Jumhooree Party Leader Gasim Ibrahim’s Villa Company has won back all five properties seized by the government during a political crisis triggered by the JP’s split from the ruling coalition.
14 Jan 2016, 9:00 AM
Jumhooree Party Leader Gasim Ibrahim’s Villa Company has won back all five properties seized by the government during a political crisis triggered by the JP’s split from the ruling coalition.
A civil court ruling last week that found the government’s seizure of Thaa Atoll Elaa illegal is the latest in favour of Villa in the dispute over the resort properties.
The tourism ministry had terminated the lease agreement of two lagoons and three islands leased to Villa and subsidiary companies for tourism when the JP formed an alliance with the main opposition Maldivian Democratic Party in February last year and launched an anti-government campaign.
The tourism ministry slapped a fine of US$90.4million, claiming the amount was owed as unpaid rents and fines for the properties.
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