Malé, Maldives – Managing Director of SeaLife Global, Ahmed Moosa (Ammati) who conned hundreds of people using housing fraud has been remanded for 10 days.
Ahmed Moosa (Ammati) who was extradited to Maldives from Sri Lanka earlier today was remanded by Criminal Court after police took him for a decision on his arrest.
While there was a delay in bringing the suspect to Maldives as the Sri Lankan Police were investigating an issue related to Ammati, Sri Lankan Police did not reveal any details on their investigation.
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.
After the lawsuit was filed, the Housing Development Corporation and incumbent government came to an agreement with the victims for a settlement of MVR 45 million and allocation of flats under a government housing scheme.