Development Bank racks up over MVR 400K in unpaid rent

3 weeks ago

Development Bank of Maldives (DBM) has not made any rent payments so far for the office space it occupies in the Allied Building for its operations. DBM, which is based at State Trade Organization (STO)’s Allied Building, was inaugurated on November 16, 2024. STO is owed MVR 75,892 per month as rent payment for the premises. Main opposition MDP’s lawyer, Ahmed Mauroof,