Resort Leases
Government authorised to lease islands without bidding
The ruling party-controlled parliament voted through today controversial changes to the tourism law that authorises the government to lease islands for resort development without a competitive bidding process.
29 Jun 2016, 9:00 AM
Former Vice President, top tourism official face fresh corruption charges
The Prosecutor General’s office has meanwhile filed money laundering charges against Hamid Ismail – an influential businessman related to detained former Vice President Ahmed Adeeb – at the criminal court this morning. According to the police, acquisition fees paid to the government’s tourism promotion company for a resort lease were deposited into the accounts of a company linked to Hamid, instead of the state treasury.
04 Jan 2016, 9:00 AM
Adeeb faces fresh charges over missing funds from 17 resort leases
The police have also forwarded money laundering charges against Hamid Ismail, an influential businessman related to Adeeb. According to the police, acquisition fees paid to the MMPRC for a resort lease was deposited into the accounts of a company linked to Hamid, instead of the state treasury.
29 Dec 2015, 9:00 AM