The Edition


Ministry annuls order for Adheeb to pay MVR74 mln over lease graft

Fathmath Shaahunaz
30 April 2018, MVT 06:46
Former VP Ahmed Adheeb escorted to a speedboat on his return to Maafushi Prison after a hearing at the Criminal Court. FILE PHOTO/MIHAARU
Fathmath Shaahunaz
30 April 2018, MVT 06:46

Ministry of Finance and Treasury has annulled the notice issued to jailed former Vice President Ahmed Adheeb ordering him to pay MVR 74 million to the state.

The ministry had issued the notice on March 28, demanding the payment over Adheeb giving over management of the former Nasandhura Palace Hotel to local firm NPH Investment for a period of 50 years without a lease extension fee. Nasandhura's management had previously been given to Galaxy Enterprises; however, NPH Investment had purchased the hotel's leasehold rights.

While the ministry had initially ordered Adheeb to settle the payment within seven days, the former VP had not done so. His lawyers had requested the finance ministry to directly send the notice to Adheeb in jail instead of his residence.

In the latest development, the ministry sent Adheeb a letter last Wednesday, stating that the Anti-Corruption Commission was currently revising the case. Signed by finance minister Ahmed Munavvar, the letter informed Adheeb that the original notice has since been annulled.

Ahmed Adheeb is serving a 33-year jail sentence over a number of convictions, including embezzlement and an assassination attempt on the president. More trials against Adheeb, including cases of corruption and abuse of power and position, are also underway.