The Edition

Latest

Chrysalis

  7 hours

Dheebaajaa to pay 174 million to King's Attorneys and Consultants

Mariyam Malsa
09 May 2019, MVT 17:17
MP Alhan Fahmy speaking to the media. PHOTO: NISHAN ALI/ MIHAARU
Mariyam Malsa
09 May 2019, MVT 17:17

MP Alhan Fahmy, on Wednesday, confirmed that Dheebaajaa Investments was stipulated to pay fees of MVR 174 million to King's Attorneys and Consultants for handling its case to attain compensation from the government for contract violation.

The agreement signed between Dheebaajaa and the law firm, of which Alhan and his sister Noorban Fahmy are shareholders, was recently leaked on social media.

As per the agreement, Dheebaajaa must pay 50 percent of MVR 348 million as a success fee. This was the amount that the Civil Court had ruled the state to pay as compensation for terminating a contract signed in 2010.

The Ministry of Economics contracted Dheebaajaa to provide ferry services in the Northern Province. The agreement was annulled in 2013, during the presidency of Mohamed Waheed.

Speaking to local media outlet Mihaaru, Alhan confirmed that the agreement leaked on social media was legitimate. However, he stated that King's Attorneys and Consultants had not received payment as of yet.

Furthermore, the MP expressed the belief that there was nothing wrong in stipulating the price of services rendered within the contract.

Attorney General's Office has decided to submit the Supreme Court's ruling to pay MVR 348 million for revision.

Attorney General Riffath Ibrahim stated that neither the High Court or the Supreme Court elaborated how the exact figure was settled. He also stated that it was not proven that any of the parties who signed the agreement were owed such an amount.

Riffath also added that while such a large amount should only be stated in reference to an audit report or an evaluation, neither of the courts had gone through this procedure.

MORE ON NEWS