Real estate developer blames state for refund delay
Sealife Global owes US$12 million to 258 people.
25 Mar 2019, 9:00 AM
Real estate developer SeaLife Global has blamed the state for delays in refunding US$12 million owed to 258 people who paid to purchase apartments.
The apartments were never finished but the buyers were charged booking fees of US$3,225 (MVR50,000). Several people also paid advance payments.
In early January, SeaLife was sued by 203 victims of the alleged scam. It was the largest civil action lawsuit in Maldivian history.
The anti-corruption watchdog launched a probe last month and a police investigation is ongoing.
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