Business bonus error / Business Maldives Impact 6.0/10 4 min read

HDC demands repayment from staff six months after bonus error

Housing Development Corporation (HDC) is recovering bonus overpayments from employees six months after a calculation error in December 2025. Staff received MVR 18,600 each, but some were not entitled to the full amount, with excesses up to MVR 15,000. HDC offers lump-sum repayment by June 26 or salary deductions over 1-6 months. Employees blame management for the error. HDC, a profitable state-owned enterprise, reported a loss of MVR 109 million in 2024 according to PCB.

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Jun 21, 2026

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Housing Development Corporation (HDC) is recovering bonus overpayments from employees six months after a calculation error in December 2025. Staff received MVR 18,600 each, but some were not entitled to the full amount, with excesses up to MVR 15,000. HDC offers lump-sum repayment by June 26 or salary deductions over 1-6 months. Employees blame management for the error. HDC, a profitable state-owned enterprise, reported a loss of MVR 109 million in 2024 according to PCB.

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