Presidential Commission on Corruption and Asset Recovery has asked Housing Development Corporation (HDC) to suspend efforts to compensate individuals who have made payments to Sea Life Global Private Limited.
President of Commission on Corruption and Asset Recovery Ahmed Assad said the alleged acts of corruption and treachery committed by Sea Life must be investigated by presidential commission.
Sea Life Global was contracted by the previous administration to construct 3,000 housing units in Hulhumale'. The company has also taken booking fee and down payments from 203 individuals in violation of the agreement with HDC.
However, the project to construct the housing units did not commence and the individuals who have made the payments have been asking for compensation, with several cases also filed at the courts of law. Moreover, HDC have also signed a settlement agreement with Sea Life Global to compensate the 203 individuals who have made the payments. The decision to pay USD 12 million owed by the state to Sea Life Global to facilitate the pay-out have met with wide criticism from the public.
Although much about the settlement agreement has not been made public, it is believed HDC has also decided to provide housing units to the 203 individuals from the ongoing housing projects conducted in Hulhumale'.
Meanwhile, Managing Director of Sea Life Global Ahmed Moosa Mohamed has fled the country. Interpol has also issued a red notice for his capture.
Anti-Corruption Commission (ACC) is also investigating a case related to Sea Life Global.