Maldives Police Service (MPS) has summoned former Housing Minister Dr. Mohamed Muizzu for questioning regarding the Noomadi compensation case.
The former housing minister is being investigated for his role in the losses incurred to the state in compensating Noomadi Resorts and Residences Private Limited, after the previous administration terminated the agreement signed with the company for the development of 1,100 housing units. This is the second time Muizzu has been summoned to MPS for questioning over the case.
Following the termination of the agreement to develop 1,100 housing units in the Maldives, Noomadi filed the case to international arbitration courts to seek compensation from the state. The government reached a settlement agreement with Noomadi for USD 55 million, after the company initially sought a compensation of USD 155 million.
Speaking at the parliament earlier, Minister of Finance Ibrahim Ameer stated the argument of the state was weakened at the arbitration court following a statement from Muizzu in favour of Noomadi. He said the compensation amount would have been much lower had Muizzu not testified against the state.