Tag: Azim

Fuvahmulah Airport handed to government after costing STO MVR170 million

The State Trading Organisation (STO) has been losing MVR12 million (US$ 780,000) per year since Fuvahmulah Airport opened in 2011, Managing Director Ahmed Azim told Haveeru.

“I requested the government to take over the airport because it has been causing that much damage to the company,” said Azim, noting that the state-owned company had lost in excess of MVR170 million (US$11 million) since the airport opened.

Speaking at the 50th anniversary of the STO last week, President Abdulla Yameen said that he does not believe the STO will ever earn profit from the airport.

“Even though STO had to suffer numerous losses and had to bleed because of it, it has constructed an airport at Fuvahmulah,” said President Yameen – who had previously served as Chairman of STO. “We have decided to take over the airport and re-compensate the company for its losses.”

Upon assuming the presidency in November 2013, Yameen declared the STO bankrupt before Azim announced a campaign to cut operational costs by MVR50 million (US$3,242,542) in 2014.

Last week Yameen warned that “managing directors of state owned companies will change if the companies cannot perform” to the required standard, shortly after the dismissal of Maldives Airports Company Ltd chairman Ibrahim ‘Bandhu’ Saleem.

Despite being constructed as part of the STO’s social responsibility, the airport was not economically viable, said Yameen, warning that the boardrooms of state owned companies should consider such investments more carefully in the future.

Yameen did, however, call upon the STO to widen its scope into international global markets. He spoke of diversifying the company into numerous fields such as shipping and oil tanker operation, while promising government support for such ventures.

Fuvahmulah Airport – which has a runway of 1200 km runway – was constructed and opened in 2011 by the STO during former President Mohamed Nasheed’s administration. It operates flights to Malé and Gan International Airport, to the south.

Nasheed tweeted today that the airport would yield profits if the originally envisioned tourism activity were to be developed. The single island atoll has no resorts, and only a single guest house registered with the tourism ministry.

During his presidential election campaign in 2013, Nasheed had pledged to transform the island via 70 separate development projects, as well as awarding it city status.

With 8,579 people, according to the 2014 census, Fuvahmulah has the fourth largest population of any island in the Maldives.


Related to this story

President Yameen urges STO to enter international markets

Nazim dismissed as defence minister, replaced by Moosa Ali Jaleel

State Trading Organisation bankrupt: President Yameen

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Civil Court orders DRP MPs Azim and Nashiz to hand over mortgaged property as payment for BML loans

The Civil Court has ruled on Thursday that the properties mortgaged in relation to the Funaddoo Tuna Products unpaid loans are to be handed over to the Bank of Maldives (BML) within a period of 15 days.

The ruling permits BML to then sell the property in order to settle the payments. The mortgaged properties are Madivaru Yacht, Reethi Beach Resort and Funaddoo.

BML said in court today that as a result of delaying payment, the due amount has now risen from MVR 117 million (US$7,587,549) to MVR 206 million (US$13,359,274) , once the loan interest is added.

Representatives of the bank said in court today that the accounts of the individual guarantors have been frozen, according to local media. The guarantors are Dhivehi Rayyithunge Party MPs Ali Azim and Mohamed Nashiz, and Ahmed Rasheed of Rafeeguge.

The bank also said that the passports of the DRP MPs have now been held, preventing them from departing the country.

BML declined from commenting on the issue at time of press as the matter is an ongoing case.

Voted against Waheed’s wishes, court summons again: MP Azim

DRP MP Ali Azim has stood by his earlier allegation that the case being carried through now is politically motivated.

The police were given an order to present MPs Nashiz and Azim to court under detention, while the hearing was scheduled for the same time as the taking of votes in parliament to approve secret balloting for impeachment votes.

The court order was first cancelled a few hours after it was issued. Police Media Official Sub-Inspector Haneef had at the time said that the reason provided by the court was that the presiding judge had been abroad, and other cases had been scheduled.

Azim stated in parliament that he had received calls from President Mohamed Waheed Hassan, President’s Political Advisor Ahmed Thaufeeg and Spokesperson Abbas Adil Riza, asking him to cast the vote on secret balloting in a way they preferred. He alleged that they had offered to stop the summons if he voted in line with them.

Azim had said in parliament then that he was “not the least bit surprised” that Waheed had called, adding that Waheed had called previously for similar matters, including the Football Association of Maldives (FAM) elections.

However, the MP subsequently voted in favour of secret balloting.

The Civil Court then summoned the MPs to court again, and the hearing was held Thursday.

“We were summoned to court, and then there was the attempt to intimidate me. When I voted against his wishes, the court immediately summons me back again. I believe this is politically motivated,” Azim said today after the hearing.

DRP Leader Ahmed Thasmeen Ali, MP Mohamed Nashiz and Speaker of Parliament Abdulla Shahid were not responding to calls at the time of press.

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Civil Court again summons DRP MPs Azim and Nashiz over unpaid debt of MVR 117 million

The Civil Court has sent summons to Dhivehi Rayyithunge Party (DRP) MPs Ali Azim and Mohamed Nashiz, regarding  a case concerning unpaid loans taken by Funaddoo Tuna Products from the Bank of Maldives in which the pair were the guarantors.

Both Nashiz and Azim were ordered to produce themselves to the Civil Court at 2:45pm tomorrow.

In 2010, the Civil Court and the High Court ordered the company to repay a loan of MVR 117 million (US$7.6 million) taken from the Bank of Maldives. The Civil Court’s ruling stated that the guarantors are also responsible for the loan.

The case has now been submitted to the Civil Court as the company failed to follow the court ruling to pay within a term of one year.

The Civil Court previously ordered police to summon the MPs to court, but later withdrew the summons ahead of a vote on secret ballots for a no-confidence motion against President Waheed.

MP Azim  alleged that President Waheed Hassan and other senior members of the executive had approached him, offering to cancel the court summons if he agreed to vote for the secret balloting in a way they preferred.

Azim alleged that in addition to Waheed, his Political Advisor Ahmed Thaufeeq and Spokesperson Abbas Adil Riza had called him and made similar statements.

MP Riza subsequently voted in favour of the secret ballots. He told local newspaper ‘Haveeru’ that he was “not a fugitive” and would be at the court tomorrow.

A ruling against the MPs would disqualify both from their seat at the parliament as the constitution states that any MP with a decreed debt not paid according to court order will be disqualified.

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Civil Court issues, cancels order to detain DRP MPs Nashiz and Azim over BML debts

The Civil Court issued an order on Sunday to take Dhivehi Rayyithunge Party (DRP) MPs Mohamed Nashiz and Ali Azim into custody and present them in court.

The order was cancelled later the same day, on the grounds that the judge presiding over the case was out of the country.

Police Media Official Sub-Inspector Hassan Haneef said police had been working to implement the order. He confirmed that the hearing had been scheduled for 1.30pm on Monday.

After the cancellation of the order, Sub-Inspector Haneef said that the reasons stated were that the judge was currently out of the country and other cases the same judge were presiding on had now been scheduled.

Following the initial issuing of the order, the DRP declined from making any comments on the issue. MP Dr Abdulla Mausoom said then that the case involved a personal matter and had no relation to politics or the party.

Dr Mausoom was not available for comment after the cancellation.

Department of Judicial Administration Director Ahmed Majid confirmed that the MPs were being taken to court in relation to a case submitted by the Bank of Maldives Pvt Ltd, asking the court for assistance in seeking due payments from the two persons.

This is in relation to a verdict by the Civil Court ordering Mahandhoo Investments and Kabalifaru Investments – two companies with ties to DRP Leader Ahmed Thasmeen Ali – to repay millions of dollars worth of loans to the Bank of Maldives Plc Ltd (BML). The verdict was also upheld by the High Court in October 2011.

“This is the normal procedure. The courts have summoned them numerous times, and they have continued to fail to attend, with no acceptable reasons presented. It is then legally at the court’s discretion to have police intercept and present them to court,” Majid said.

He further confirmed that the members would be released from custody after Monday’s hearing.

Meanwhile, the vote to determine if secret ballots can be taken during the taking of no confidence votes have been scheduled for Monday’s parliament session.

Waheed attempting to influence vote: MP Azim

DRP MP Azim has alleged that President Mohamed Waheed Hassan and other senior members of the executive had approached him, offering to cancel the court summons if he agreed to vote for the secret balloting in a way they preferred.

Azim alleged that in addition to Waheed, his Political Advisor Ahmed Thaufeeq and Spokesperson Abbas Adil Riza had called him and made similar statements.

Azim further said in parliament today that he was “not the least bit surprised” that Waheed had called, adding that he had expected as much. He alleged that Waheed had previously called him with similar intentions, including during the Football Association of Maldives (FAM) elections.

Following the arrest of Maldivian Democratic Party (MDP) MP Hamid Abdul Ghafoor and Jumhooree Party MP Abdulla Jabir last Thursday alleging use of alcohol, many opposition politicians claimed that this was a political stunt to jeopardise Monday’s vote.

Both the Maldivian Democratic Party(MDP) and the Human Rights Minister Dhiyana Saeed alleged that there was a “political motivation” behind the arrests.


The Civil Court issued an order on Sunday to keep Dhivehi Rayyithunge Party (DRP) MPs Mohamed Nashiz and Ali Azim in custody and to present them in court. Later in the day, the order was cancelled, claiming the judge presiding over the case was out of the country.

Police Media Official Sub-Inspector Hassan Haneef said that the police had been working to implement the order. He confirmed that the hearing had been scheduled for 1.30pm on Monday.

After the cancellation of the order, Sub-Inspector Haneef said that the reasons stated were that the judge was currently out of the country and other cases the same judge were presiding on had now been scheduled.

Following the initial issuing of the order, DRP declined from making any comments on the issue. MP Dr. Abdulla Mausoom said then that the case involved a personal matter and had no relation to politics or the party.

Dr. Mausoom was not available for comments after the cancellation until the time of press.

Department of Judicial Administration Director Ahmed Majid confirmed that the MPs were being taken to court in relation to a case submitted by the Bank of Maldives Pvt Ltd asking the court for assistance in seeking due payments from the two persons.


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