Maldives Marketing and Public Relations Corporation (MMPRC) has filed suit in Court against Scores of Flair (SOF) for the embezzled funds from the Corporation. SOF is one of the companies involved in the MMPRC case.
The case filed in Civil Court has asked the Court to recover the MVR 158 million as per the agreement made between the two parties as well an additional MVR 6.1 million released to SOF from the Corporation. MMPRC had filed suit to recover these amounts in a one off payment as well as to nullify the agreement made between the two entities for dollar purchase.
The case was filed in Civil Court on 28th of last month. The dispute resolution stage had failed to yield any results and therefore the case was sent for trial.
MMPRC audit reports show that MMPRC had transferred around MVR 1 billion to SOF account. SOF is partly owned by Mohamed Allaam Latheef (Moho), a close associate of former Vice President Ahmed Adeeb. A red notice had been issued for his arrest by Interpol, after he fled the country following the explosion aboard the President's speedboat.
Former Vice President Ahmed Adeeb and former MD of MMPRC Abdullah Ziyath had been sentenced guilty in the case.
