MTDC faces questions over Maguhdhuvaa transaction

6 days ago

Mohamed Ibrahim (Kudu), a lawmaker from the main opposition Maldivian Democratic Party (MDP), has asked the Maldives Tourism Development Corporation (MTDC) for clarity regarding allegations the corporation was going ahead a transaction to transfer the head lease for GDh. Maguhdhuvaa at below market value. The government leased Maguhdhuvaa to MTDC in 2006 for the development of a tourist resort. The corporation subsequently