South Hulhumale' MP Dr. Ahmed Shamheed has stated that he will repay the loan in accordance with the Civil Court ruling. 

Following a ruling from the Civil Court ordering repayment of a loan for which Shamheed is a guarantor, the parliamentarian issued a statement in response. 

As per the ruling, the case was filed by MIB against five individuals including Shamheed for failing to pay back as agreed a USD 500,000 sale and leaseback facility issued to Duplex Pvt Ltd. 

The Civil Court ruled in favour of MIB, and ordered the five individuals to repay the remaining amount of the loan within six months from November 10. 

As per the ruling, Shamheed and the four other individuals who provided bank guarantee to Duplex Pvt Ltd must pay back USD 36,647.76 within six months, as well as fines and charity incurred due to non-payment. 

In the statement issued, Shamheed stated that he had formed Duplex Pvt Ltd with some former friends to start up a business. He claims that other partners in the company have since endorsed his rival candidate. 

Shamheed stated that political rivalry should not be encroached on matters of personal interest such as the loan in an attempt to tarnish his reputation. 

Shamheed went on to state that from the point where he became aware that the MIB loan was not being regularly repaid on schedule, he had repeatedly met with administrative and financial heads of the company and appealed to repay the loan as agreed. 

He stated that despite his efforts, the company had not been making the payments. As a result, Shamheed said he has been personally paying back the loan installments to date. 

As per the Economic Ministry portal, shareholders of Duplex Pvt Ltd are:

Aslam is listed as the company's Managing Director. 

Shamheed further stated that those involved with Duplex Pvt Ltd had been unresponsive even when the case was filed at the Civil Court, and had also refused to be answerable to the court. 

He went on to state that he had not received a summons to attend hearings in the case, and had only learned of the ruling via email. 

In his statement, Shamheed assured his constituents that although the loan had not been taken for his personal use, he will repay the loan in line with the Civil Court ruling. 

Shamheed claims that the loan had been taken to cover personal needs of some Duplex shareholders. He said that he had agreed to be a guarantor for the loan as it was necessary to secure the facility.