Monday, February 11, 2008

125 million rufiya (US$10 million) Paid to Maldives Dictator Golha Boa's Cronies

Adduvas Exclusive Loan Star Report 2006
DO Blast from past
An Exclusive Report published on Adduvas magazine,27 December 2005, Translated by Maldives Culture editors, 8 January 2006, Photos and contact information added by Maldives Culture and Dhivehi Observer. Adduvas examines President Gayyoom's special assistance loan account (Maldives Monetary Authority Acc. No. 2060) and the soft loans granted from this source. It is difficult to understand why the public treasury of the government has become the private bank of a certain group of people. Have these the people faced exceptional circumstances that warrant the granting of a presidential special assistance loan? When we identified the people receiving these loans, it seems only highly-placed officials face special circumstances. more

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