Naid Investments
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NewsPolice seize mobile phone of Furaveri resort shareholder
Maldivian police raided Naid Investments and seized a shareholder's phone as part of a probe into illegal foreign currency exchange. The operation targets unlicensed dollar trading amid a national crackdown on the black market. This follows new government regulations requiring resorts to convert 40% of their revenue into local currency.
NewsPolice raid Furaveri resort operator after freezing accounts
Police raided the offices of Naid Investments, operator of Furaveri Island Resort, following the freezing of its bank accounts. The investigation targets allegations of large-scale illegal foreign exchange trading without a valid license. Authorities are currently searching the company's premises to gather evidence for the ongoing case.