MVR 16 million cash handouts for flat owners is not a bribe, says Muizzu

Mar 2, 2026, 7:04 AM
MVR 16 million cash handouts for flat owners is not a bribe, says Muizzu

President Mohamed Muizzu has said that the MVR 16 million cash handouts for people who live in Sinamalé and Malé Hiyaa flats are not a bribe for the April 4 local councils election.

Meeting the press for the first time in ten months, Muizzu said he pledged to offer a financial package to the flat owners, and it was not his intention to coincide the pledge fulfilment with an election.

"When they took the matter up in that meeting [with the people of Galolhu], I took it a gear up. It gave me more encouragement to do it, even if the council doesn't do it. To do it directly by the government," he said.

However, the Anti-Corruption Commission (ACC) has started investigating a complaint against Muizzu for offering MVR 100,000 to each of the owners of 161 apartments in Sinamalé and Malé Hiyaa.

The state has promised to pay a total of MVR 16.1 million to the owners of the flats.

Moosa Ali Jaleel, the ruling People's National Congress (PNC) candidate for Male' Mayor in the local council elections, participated in Muizzu's meeting with the flat owners. Deputy Mayor Ahmed Areesh, who is seeking re-election, was also in attendance.

Comments

Read More

Latest News

Priority should be sale of assets to generate immediate liquidity

Former President Mohamed Nasheed urged the Maldives to prioritize selling assets for immediate liquidity rather than long-term projects like the $20 billion Rasmalé development. He argued the UAE-backed waterfront deal will not provide the urgent cash flow needed to resolve the nation's current financial crisis.

Police seek charges against six men for assaulting officers

Maldives Police are seeking charges against six men for assaulting officers during a drug search in Maafushi. Five suspects remain in custody, while one was released by the court. Authorities have also appealed the release of a seventh individual involved in the August incident.

No tax concessions for UAE developer in Rasmale' project

The Maldives government awarded the $20 billion Rasmalé project to UAE developer Eagle Hills without tax concessions or exemptions. All business activities will follow national tax laws, with payments processed through local banks. The state expects over $11 billion in revenue from sales fees and commercial revenue sharing.

No details on size and value of land given to Dubai company

The Maldives government signed a $20 billion deal with Dubai’s Eagle Hills to develop a massive integrated zone in Rasmalé. While the project promises 54,000 jobs and housing, officials have withheld specific details regarding the land size, valuation, and lease terms. The area is expected to operate as a special economic township.

Rasmale' investor to build 5,000 housing units in Hulhumale'

The Maldivian government has partnered with UAE-based Eagle Hills to build 5,000 housing units in Hulhumalé using a contractor financing model. This agreement follows a massive $20 billion deal for the firm to develop Rasmalé. The project will feature luxury residences and a world-class marina without impacting existing housing plans.

AMFA concludes first Junior Lifeguard Program

The Australia Maldives Friendship Association successfully completed its first Junior Lifeguard Program pilot in Thulusdhoo and Fuvahmulah. The initiative trained youth in water safety and rescue skills to enhance maritime security. AMFA plans to expand the program across the Maldives by 2027 through partnerships with local councils.

Project to build international bowling arena in Hulhumale'

A private company has been awarded a MVR 20 million project to build the Maldives' first international-standard bowling arena in Hulhumale'. The two-story facility aims to host global competitions, though the direct award process lacks an official statement. This project is part of a broader plan to develop world-class sports infrastructure.

Newsletter

Get the latest news delivered straight to your inbox