HDC begins reimbursing SeaLife housing fraud victims

Housing Development Corporation (HDC) on Tuesday, began compensating flat buyers who had paid booking fees for the 3,000 housing units that 'SeaLife Global' failed to construct in reclaimed suburb Hulhumale'.

SeaLife Global was contracted by HDC in 2014 during the tenure of former President Abdulla Yameen Abdul Gayoom. There are 203 individuals seeking reimbursement from SeaLife. A total of MVR 45 million is owed to the victims of the housing fraud.