ACC orders MACL to recover MVR 56 million owed by duty free shops

Anti Corruption Commission has ordered Maldives Airports Company Limited (MACL) to recover MVR 56 million that duty free shops owe.

In a statement notifying MACL of the issue, ACC noted documents show that shops owe MACL a total of USD 429,832.25 in rent. Fine calculations for the period amounts up to USD 3,237,100 for a rate of USD 100 per day. With this, the total amount owed to MACL stands at USD USD 366,931.25.

ACC noted that this amounts to MVR 56 million that is due to be received by the state.

An investigation into the issue revealed that the tenants for duty free shops 06, 07, 08 had been given easier options to repay their debts twice.

The first time was following the 2004 Indian Ocean Tsunami which slowed down the economic growth of the country and negatively affected the businesses in the industry. The second time was in 2008 when there was a global economic crisis.

However, even after all these, shop number 07 had failed to comply with the terms and hence were notified to shut down by 31 July, 2010. They were notified to pay their debt according to a schedule that was developed after the bank guarantee was cut from the rent that was due.