Lease agreement revoked for five islands

The Ministry of Agriculture and Fisheries last month revoked the lease agreements for five islands rented for economic or industrial purposes.

Haveeru reports that the Maldives Inland Revenue Authority’s (MIRA) recommendation to revoke the licenses was prompted by non-payment of rent and fines going back to 2005.

The islands include Shaviyani Ekasdhu (Rf12 million), Noonu Kalhaidhu (Rf8 million), Noonu Bandaidhihdhu (Rf9 million), Baa Maa Maduvvari (Rf5.9 million) and Gaaf Alif Fonahdhu (Rf1.7 million).

According to Haveeru, MIRA sent notices to Zuleyha Hafeez, Manager of Shaviyani Ekasdhoo, Moosa Naseer, Manager of Noonu Bandaidhihdhu, Noonu Kalhaidhu Manager Adam Naseer, Maduvvari Investment which manages Baa Maa Maduvvari and Abdulla Abdul Azeez who manages Gaaf Alif Fonahdhu.

An official from MIRA said that in addition to revoking licenses the owners would be sued for non-compliance with the lease agreements.