As per a ruling made by the Civil Court, Maldives Integrated Tourism Development Corporation (MITDC)’s banks accounts have been frozen while passports of the company’s Board of Directors’ have been confiscated.
The ruling was made regarding unpaid dues to a private company, Crystalline Maldives, according to Mihaaru news.
MITDC’s account had Maldivian Rufiyaa amounting up to USD 70,000. The account was frozen because they failed to make the payment within the duration provided as ordered by Civil Court previously.
MITDC is required to pay USD 100,000 (MVR 1.5 million) to Crystalline Maldives.
Mihaaru news has obtained a letter sent by the company to Finance Minister Ibrahim Ameen last week, requesting the amount in US Dollars, so that they can pay Crystalline Maldives as per the court’s order.
So far MITDC has paid USD 30,000 (MVR 460,000) to Crystalline Maldives. The company was required to pay USD 9,090 (MVR 140,000) before January 15.
A total of USD 70,000 (MVR 1.07 million) is still unpaid.
When the payment was not made in January, the Civil Court held a hearing on February 10, where they ordered to freeze MVR 1.07 million (USD 70,000) currently in MITDC’s account.
MITDC’s has not made a statement on this issue yet.
MITDC has faced several financial issues in the past as well. The company had to repay approximately USD 2 million taken from various companies in collaboration with Baresdhoo of Laamu atoll. The payment was made due to the failure to carry out the project.
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