HDC recovers MVR 226m in outstanding lease payments

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The Housing Development Corporation (HDC) has recovered MVR 226 million out of MVR 1.4 billion in outstanding land lease payments, says Ibrahim Fazul Rasheed, the corporation’s managing director. In a meeting with the Parliament’s Public Accounts Committee on Wednesday, Fazul said that various businesses owed the HDC a steep MVR 1.4 billion in lease payments when he took over the management