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News"Formed FX company due to receiving income in dollars"
MP Ibrahim Falah clarified that his registered firm, Sun Currency Exchange, is currently inactive and has not conducted any transactions. He established the company to manage his dollar-based business income but has not yet sought an MMA license. Financial records show Falah holds a 90% stake in the firm alongside other business interests.
NewsCurrency exchange company under Falah's name
Parliament Majority Leader Ibrahim Falah’s financial disclosure reveals he launched two new companies, including a currency exchange business, holding 90% stakes in both. Last year, he earned MVR 4.6 million from business and rent, and purchased a property for MVR 21 million. He also secured a MVR 15 million bank loan.