High Court overturns stay order halting seizure of Villa properties
24 Feb 2015, 4:07 PM
The High Court today overturned a Civil Court stay order halting the seizure of three islands and two lagoons belonging to the Villa Group, a company owned by Jumhooree Party (JP) Leader Gasim Ibrahim.
The Tourism Ministry on February 5 ordered the Villa group to return Thaa Atoll Elaa, Raa Atoll Maanenfushi, Gaafu Dhaal Atoll Gazeera, Kaafu Atoll Maadhihgaru lagoon, and Vaavehdhi lagoon.
The islands and lagoons had been granted as compensation for the nationalisation of several development projects, including Kadhdhoo airport.
In its February 11 stay order, the Civil Court said the ministry’s termination of the settlement agreement could cause irrevocable damages to the company, and noted the properties had been granted due to the government’s inability to bear the burden of a financial or monetary compensation.
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