SeaLife’s MD arrested after two years on the run

Ahmed Moosa Mohamed, Managing Director of SeaLife Global. (Photo/Interpol)

SeaLife Global’s managing director Ahmed Moosa Mohamed (Ammaty) - who went on the run after defrauding over 200 tenants for a proposed apartment complex in suburban Hulhumale’ out of millions in booking fees – has been arrested.

Ammaty (Red House, V. Thinadhoo), who has an Interpol red notice out for his capture, was arrested in neighboring Sri Lanka.

Maldives Police Service confirms Ammaty’s arrest.

A police spokesperson stated this Monday that Interpol has informed the Maldives Police that Ammaty has been arrested.

He said that the police are working with the Interpol to complete necessary formalities.

Interpol issued a red notice against Ammaty at the request of Maldives Police back in April, 2019.

SeaLife announced its 3,000-apartment housing project, the SeaLife Complex in Hulhumale’, back in 2015.

280 tenants paid a booking fee of MVR 50,000 (some more than MVR 50,000). But the SeaLife Complex was never built and the tenants never reimbursed for their down payments.

The cumulative total of the booking fees collected by SeaLife is estimated to be upwards of MVR 14 million.

The tenants who were cheated of their money filed a class-action lawsuit with the Civil Court against SeaLife Global, Housing Development Corporation (HDC) and Ministry of Economic Development in January 2019.

HDC and Ministry of Economic Development later reached a settlement in July 2019, under which they agreed to pay the tenants MVR 45 million as compensation and give them priority in allocation of housing units under public housing schemes.

SeaLife Global was awarded land in Hulhumale’ to building the apartment complex as compensation for termination of a government contract to build luxury villas in V. Thinadhoo signed during former President Mohamed Nasheed’s administration. The company was awarded land in Hulhumale’ and launched the housing project with approval from the Economic Council of the President’s Office in 2014, during former President Abdulla Yameen Abdul Gayoom’s administration.