The Edition


Parliament discloses financial statement of Speaker Nasheed, Qasim

Mariyam Malsa
09 September 2020, MVT 15:16
R to L: Former president Mohamed Nasheed and Jumhoory Party leader Qasim Ibrahim
Mariyam Malsa
09 September 2020, MVT 15:16

The parliament publicized the financial statements of Speaker Mohamed Nasheed and the parliamentary representative of Alif Dhaalu Atoll's Maamigili constituency, MP Qasim Ibrahim.

According to the statement, the former president and incumbent leader of the Maldivian Democratic Party (MDP), Nasheed, collected a total of MVR 3.1 million between May 28, 2019 and May 27, 2020.

The figure is the collective total of Nasheed's monthly salary for his position at the parliament, as well as the financial benefits granted to former presidents.

The statement also noted that the Parliament Speaker has savings at several banks, in addition to his salary. This includes MVR 1.6 million in the State Bank of India (SBI), MVR 76,000 in the Maldives Islamic Bank (MIB) and MVR 41,000 in the Bank of Maldives (BML).

Nasheed also possesses a land plot measuring 4,700 square-feet in the island of Gan, Laamu Atoll.

Per the statement, Jumhooree Party (JP) leader and one of Maldives' top businessmen, Qasim Ibrahim, currently has over MVR 1 billion to his name.

Thus far, Qasim has received MVR 11 million as income in 2020. Between January 1 and August 29, the JP leader collected MVR 9.5 million in salaries from the parliament and several companies. He also received MVR 1.7 million from leasing out his properties and MVR 188,000 as dividend.

In addition to owning 24 companies in Maldives, which include Villa Shipping and Trading, Villa Air, and Villa Hotels and Resorts, Qasim also serves as the chairman of Horizon Fisheries, Medianet and Island Enterprises.

At present, the JP leader owns seven land plots in the capital city of Male' and his home island of Maamigili, including a flat valued at over MVR 94 million.

Furthermore, Qasim owns a BMW and a Mercedes-Benz, both of which are worth MVR 1.3 million, as well as a Peugeot car valued at MVR 800,000.

While the businessman has deposits of over MVR 200,000 and USD 5,000 in his accounts at SBI, a sum of USD 2,402 was noted to be stored in foreign bank accounts.

This is the first instance that the financial details of either of the two high profile politicians were conveyed to the public, as part of the current administration's vows to maintain transparency.