The Civil Court has today ordered Maldivian Democratic Party (MDP) Chairperson and MP ‘Reeko’ Moosa Manik to settle an outstanding debt of Rf2.9 million to Caterpillar Financial Service’s Asia Branch within three months.
Caterpillar claimed that in 2007 Heavy Load Maldives – a family business of the Hulhu-Henveiru MP – took a loan of US$700,000 (Rf10.5 million at the current exchange rate) from Caterpillar, which was co-signed by Moosa.
Caterpillar said at the Civil Court that Heavy Load had not settled the debt and requested Moosa be ordered to pay the loan as the co-signatory.
Delivering the verdict, Judge Mariyam Nihayath said that in the agreement made between Moosa and Caterpillar, Moosa had also agreed to pay a compensation fee plus the amount paid to hire a lawyer without any obligations.
Judge Nihayath ordered Moosa to pay the total amount which is Rf2.9 million in three months.
However, following the court ruling Moosa expressed concern and criticized the judiciary saying that the judiciary was like a “mad lion.’’
MDP official website quoted him saying that the court should not order him to pay the money without ordering Heavy Load Company to pay the loan.
The former MDP parliamentary group leader told the ruling party’s website that today’s ruling gave him more courage to continue the work to free the judiciary and make it independent.
He also said that Civil Court was issuing such rulings because Moosa and his lawyer Hassan Afeef was publicly advocating judicial reform. .
According to the constitution, if a MP has a decreed debt and is not paying the debt according to the court ruling, he will be disqualified and lose his seat in parliament.