AAA Trading Company Ltd has paid part of the outstanding rent and fines owed by three of its resorts to the Maldives Inland Revenue Authority (MIRA), reports Haveeru.
The company’s shareholders include MP Ahmed Hamza of the ruling Maldivian Democratic Party (MDP) and Economic Advisor to the President Ali Shiyam. According to Haveeru, the three resorts owed US$6.5 million as of July 5, 2011.
MIRA has confirmed that the company paid US$1.4 million owed as rent for Zitali Resort and Spa and Medhufushi Island Resort on August 7, which was however 23 percent of the total amount owed by the company as unpaid rent and fines.
On August 16, the Tourism Ministry requested the Finance Ministry to recover the outstanding rent and fines from seven resorts yet to settle its debts – including the three AAA Company resorts – either through further negotiation or sale of resort properties.
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