State drafts settlement agreement over controversial Sealife housing fraud

The government made a settlement agreement on Monday mandating the state to compensate flat buyers who had paid booking fees for the 3,000 housing units that Sealife Global failed to construct in reclaimed suburb Hulhumale'.

Sealife Global is implicated in the major housing project scam where they are accused of taking millions of Rufiyaa from potential tenants in order to complete the housing units.