Environmental Protection Agency (EPA) has fined Faarufushi Investment Private Limited for violating the Environment Impact Assessment (EIA) approved for resort development.
EPA revealed Faarufushi Investment was fined USD 17,792 under the Environmental Protection and Preservation Act of the Maldives and the EIA regulations. EPA has provided a period of 30-days for the company to pay the fine.
Faarufushi Maldives is a luxury resort that was developed by Universal Resorts Group. The resort featuring 80-rooms, holding a capacity of 160-beds came into operation in March 2019.
A request was made last September to transfer the leasing holding rights from the current owner of Faarufushi Investments to an undisclosed buyer of the property.