State wholesaler appeals to recover US$1.2m from PPM MPs’ company
The State Trading Organisation has appealed a civil court ruling in favour of a company owned by ruling party MP Riyaz Rasheed to recover MVR19.3 million (US$1.2 million) released as a credit facility.
10 Oct 2016, 9:00 AM
The State Trading Organisation has appealed a civil court ruling in favour of a company owned by ruling party MP Riyaz Rasheed’s family to recover MVR19.3 million (US$1.2 million) released as a credit facility.
The STO claims that Riyaz’s Meridiam Services failed to pay for fuel released on credit from March to December 2010 along with fines imposed for non-payment.
But the civil court ruled in June that STO was unable to conclusively prove that the fuel was ever released to Meridiam.
STO’s lawyers submitted copies of purchase orders, delivery notices, and invoices as evidence, but Meridiam disputed the authenticity of the documents.
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