Resort Lease

Government denies unfairly targeting Gasim’s businesses

Three ministers met the press at the president’s office to defend the Maldives Inland Revenue Authority, stressing that it is an independent institution whose enforcement actions are taken after due process and without any government interference.

Government’s seizure of Villa’s resort properties unlawful, civil court rules

Shortly after Gasim’s Jumhooree Party formed an alliance with the main opposition Maldivian Democratic Party in February and launched an anti-government campaign, the tourism ministry terminated the lease agreements of two lagoons and three islands leased to Villa and subsidiary companies for resort development.

Government proposes $5m resort lease extensions