K-Park Manday jailed pending trial’s end

Criminal Court, on Monday, has remanded Hassan Mamdhooh (Manday), facing over 100 charges in connection with the fraud in the sale of apartments from K-Park Residences – a condominium under development in Hulhumale’ – in custody pending the outcome of his trial.

The Prosecutor General’s Office filed criminal charges against Manday and his acquaintance Jaishan Saeed in December last year, with Manday pressed with 104 charges and Jaishan pressed with 98 charges. The charges against them include money laundering, fraud, misappropriation, and providing counterfeit documents to individuals to defraud them.

Their trial began in Criminal Court on July 30^th.

On Monday, Criminal Court ordered the Police to detain Manday pending the outcome of his trial. It is unclear whether Manday is currently in custody or not.

The fraudulent sale of the K-Park apartments was submitted for police investigation by both Hanbo – the project’s developer - and Urbanco.

Manday and Jaishan are accused of doctoring documents by forging the signature of Hanbo’s majority shareholders, and opening an account in the company’s name with the Bank of Maldives (BML) despite the company already having opened its banking account with State Bank of India in order to defraud multiple clients.

The police found that 23 K-Park apartments were sold to over 50 people, with some of the apartments sold to as many as six people.

During the investigation into the case, the police raided an MVR 7.8 million penthouse apartment, which investigators believe was purchased by Manday by selling two apartments from K-Park Residences to four different buyers.

From the penthouse, the police found items worth around MVR 7 million, including 200 unopened perfume bottles, luxury bags, and jewelry.

Manday has categorically denied the allegations against him. He faces 40 years in prison if convicted of the charges.