Umar Naseer denies links to money-owing company
The presidential hopeful has transferred his company shares to his wife and children.
24 Jul 2018, 9:00 AM
Former home minister and presidential hopeful Umar Naseer Tuesday denied links to a company owing MVR 1.8 million (US$116,572) to the state, despite transferring shares to his wife and children.
On Monday, the Civil Court ordered the confiscation of Naseer’s passport because his Tourist Submarine company failed to comply with a 2016 ruling to pay the money to the pensions office.
Naseer is one of the directors of the company, but he said in a statement that he transferred his shares to other individuals and removed himself from the firm’s responsibilities.
“Following my decision to run in this year’s presidential election, I have given up all my business interests and transferred my shares in various companies to other individuals,” he said.
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