Speaking at the Parliament’s Public Accounts Committee, Fazul stated that HDC is owed MVR 1.4 billion from various companies and has already recovered MVR 226 million since he assumed office.
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HDC MD Ibrahim Fazul Rasheed speaking at the Parliament's Public Accounts Committee -- Photo: Fayaz Moosa
Malika Shahid
2024-12-05 09:46:19
Housing Development Corporation (HDC) has an outstanding amount of MVR 14 billion owed by various parties, said the company’s Managing Director, Ibrahim Fazul Rasheed.
Speaking at the Parliament’s Public Accounts Committee, Fazul stated that HDC is owed MVR 1.4 billion from various companies and has already recovered MVR 226 million since he assumed office.
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