Villa


Watchdog ‘challenging Supreme Court’ with US$110m claim against Villa
The Anti-Corruption Commission says the state incurred heavy losses due to a 2013 settlement agreement with Villa that waived rent for properties leased for resort development.
17 Jun 2018, 9:00 AM


Villa slams tax authority over lawsuits to recover US$166m
Villa and its subsidiary companies do not owe any money to the state, the legal team insisted in a statement Monday, accusing the Maldives Inland Revenue Authority of trying to “discredit the companies and damage the businesses”.
16 Aug 2017, 9:00 AM


High court rules against Gasim’s Villa in resort lease dispute
Gasim had predicted that the high court would rule against Villa. “It looks like a big wave is building, looks like they are going to freeze all the accounts of Villa Shipping company again,” he said Sunday night.
22 Mar 2017, 9:00 AM


High court deals blow to Gasim’s bid to retain airport
The high court overturned a lower court order halting the tourism ministry’s takeover of the Kaadehdhoo airport in Gaaf Dhaal airport.
24 Feb 2017, 9:00 AM


Government takes over Gasim’s Villa airport
The moves against the Gasim’s business interests come after the Jumhooree Party leader threw his weight behind former President Maumoon Abdul Gayoom and formed a new alliance with the 79-year-old’s faction of the ruling Progressive Party of Maldives.
19 Jan 2017, 9:00 AM


Gasim’s Villa wins back all five resort properties seized during crisis
Jumhooree Party Leader Gasim Ibrahim’s Villa Company has won back all five properties seized by the government during a political crisis triggered by the JP’s split from the ruling coalition.
14 Jan 2016, 9:00 AM


Hundreds of resort workers quitting over non-payment of wages
Mauroof Ahmed, the secretary general of TEAM, said delays and non-payment are common in resorts operated by three Maldivian companies – Villa Hotels, J Resorts and the AAA Hotels and Resorts.
23 Aug 2015, 9:00 AM


Villa workers strike as company struggles to bounce back
A number of Maldivian workers at a Villa Group resort have gone on strike over unpaid service allowances. The company is struggling after months of government imposed sanctions and has announced plans to sell off one of its luxury resorts to get back on track.
19 Aug 2015, 9:00 AM


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


Court issues arrest warrant for Gasim
14 May 2015, 3:38 PM


Government freezes Villa accounts
13 May 2015, 7:45 PM
Civil Court orders halt to seizure of lands allocated to Gasim’s Villa company
12 Feb 2015, 1:13 PM
Maamigili Airport returns to international status
17 Sep 2014, 10:51 AM
Maamigili airport downgraded to a domestic airport
26 Aug 2014, 11:14 AM
Politicians behind death threats to Gasim, claims JP
18 Aug 2014, 3:59 PM
President Yameen denies “impeding” Gasim’s businesses
16 Aug 2014, 4:27 PM
Government takes back Kaadedhoo airport, uninhabited island from Gasim’s Villa Group
14 Aug 2014, 6:29 PM
Flyme’s first seaplane en route to Maldives
27 Apr 2014, 5:39 PM
Maldives entrepreneurs braving “culture war” to pursue guesthouse growth, AFP reports
12 Oct 2013, 4:48 PM
Gasim pledges to establish National University faculties in each atoll
24 Jun 2013, 12:22 PM