Tax authority removes freeze on Villa Group accounts
The tax authority has removed a freeze on Jumhooree Party leader and tourism tycoon Gasim Ibrahim’s Villa Group accounts in yet another indication of a thaw in relations between the opposition and the government.
05 Jul 2015, 9:04 PM
Ismail Humaam Hamid
The tax authority has removed a freeze on Jumhooree Party leader and tourism tycoon Gasim Ibrahim’s Villa Group accounts in yet another indication of a thaw in relations between the opposition and the government.
A senior government official told Minivan News that the Villa Group had submitted a plan to pay the US$90.4million claim within two years.
“The Villa Group initially denied that had to make any payments. But now Villa Shipping has agreed to pay the government. That’s why MIRA [Maldives Inland Revenue Authority] has removed the freeze,” they said.
MIRA froze the accounts of Villa Shipping and Trading in May after the Tourism Ministry annulled several agreements on properties leased for tourism development and claimed the company had failed to pay rents on some of the properties since 2006.
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