Malé, Maldives – Maldives Police Service has revealed that the Managing Director of SeaLife, a company under investigation for housing fraud, Ahmed Moosa Mohamed has been arrested under the Interpol red notice.
While no further details were revealed with regards to his whereabouts or terms of his arrest, Maldives Police Service stated that the matter is being looked into and that necessary arrangements are being made.
The red notice on Mohamed was issued during April of 2019, after the Commissioner of Police Mohamed Hameed announced the decision to seek Interpol’s assistance on 18th April 2019, in order to have Mohamed, who fled to Sri Lanka, brought in for questioning regarding his connection to fraud and theft.
The SeaLife housing fraud case, which was the subject of the biggest class-action lawsuit in Maldivian history at the time, announced a 3,000 apartment housing complex in 2015 after being contracted by the Housing Development Corporation (HDC) in 2014, and had gotten 280 tenants to pay a booking fee of MVR 50,000 and more per tenant. However, the complex was never built and none of the tenants were reimbursed at the time, of the more than MVR 14 million, taken as down payment.
203 tenants of the SeaLife housing complex sued SeaLife Global, HDC and the Ministry of Economic Development, of which HDC estimated that the cost of compensation by HDC to the tenants which came forward would exceed MVR 23 million.