Govt to settle MVR 174 mln to Dheebaja

The government of Maldives decided to reach an out of court settlement with Dheebaja Investment Pvt Ltd, by paying a sum of MVR 174 million to the private company.

The state contracted Dheebaja to provide ferry services in the Northern Province in 2011, during the presidency of former President Mohamed Nasheed. However, after the following administration of President Abdulla Yameen Abdul Gayoom terminated the contract in 2013, Dheebaja filed a lawsuit and won, with the Civil Court ordering the government to pay MVR 348 million to the company as compensation. The Supreme Court upheld the verdict this year.