Sealife Maldives says it deposited USD 15,000 (MVR 231,300) to one of former Maldivian President Ahmed Adeeb Abdul Gafoor’s bank accounts, but that the money did not have anything to go with any project.
Sealife Maldives’s subsidiary, Sealife Global is embroiled in the largest housing fraud case in recent Maldivian history.
The company announced a 3,000-apartment housing project, the SeaLife Complex in Hulhumale’ in 2015, and took millions in down payment from at least 280 tenants. But the SeaLife Complex was never built and the tenants never reimbursed for their down payments.
Speaking to ‘Sun’ a senior official from Sealife Maldives reported the company made the USD 15,000 deposit to Yameen’s bank account in 2014 at the request of the company’s Managing Director Mohamed Ahmed Moosa (Ammaty). The official said the money was reimbursement for maintenance of one of Ammaty’s cars at Yameen’s expense on multiple occasions.
He said the deposit was payment for a private business transaction long before Yameen assumed office.
“The money is for a private business transaction between President Yameen and Ammaty before he assumed presidency. The money transaction has nothing to do with Sealife. It has nothing to do with the housing project. We have the paperwork,” said the official.
The contract for the SeaLife Complex project between Sealife Global and Housing Development Corporation (HDC) was signed in March, 2014. The foundation for the project was laid by Yameen.
280 tenants paid down payments of MVR 50,000 (some more than MVR 50,000) for apartments at the complex.
The cumulative total of the down payments collected by Sealife is estimated to be upwards of MVR 14 million.
The case is under investigation by the Economic Crime Department of Maldives Police Service, the Anti-Corruption Commission (ACC), and is also the subject of the biggest class-action lawsuit in Maldivian history.
An Interpol red notice has been issued against Ammaty in connection with the case.
Speaking at a press conference this July, President Ibrahim Mohamed Solih said the government was in the middle of negotiations with Sealife remedy the issue.
He said Sealife has proposed reimbursing the down payments using the advance payment made to HDC for the project, and relaunching the project.
Solih said the government was currently carrying out a legal review of the proposal.
Sealife lays the blame for suspension of the housing project at HDC’s feet. The company says HDC failed to honor its contract.
Anti-Corruption Commission (ACC), on July 9, announced that its investigators had uncovered evidence funds from three government projects may have been diverted to Yameen’s bank accounts.
Sealife was issued land for the housing project in Hulhumale’ as compensation for annulment of the contract to build luxury villas in V. Thinadhoo during former President Mohamed Nasheed’s presidency. The project was launched with permission from the Economic Council at the President’s Office during Yameen’s presidency.