High Court reverses decision, accepts case against Jihad

High Court has reversed its earlier decision to reject the case against former Vice President Abdulla Jihad, now accepting the case.

Jihad, who is currently Chairperson of the Maldives International Financial Service Authority (MIFSA), faced charges related to the signing of the Fushidhiggaru Falhu agreement in 2013, when he was the Minister of Finance. The charges were for entering into a joint venture agreement with a foreign company to develop Fushidhiggaru Falhu, which granted the government only a 25 percent stake, against the Maldives government's advice.