Former AG Appeals MVR 4 Million in Loan Dispute at High Court

Former Attorney General Aishath Azima Shakoor, the Malé City mayoral candidate on the ruling PNC ticket, has appealed to the High Court against a Civil Court order to pay MVR 4,156,355 to the Maldives Islamic Bank (MIB) over a musharakah loan for an apartment. The court ruled she must pay in monthly installments over six months, with properties in Hulhumalé as collateral. Shakoor claims a criminal case by the previous administration hindered her legal practice, preventing loan repayment, and that she made regular payments when able. She described the ruling as personal and had sought loan restructuring.

Former Attorney General Aishath Azima Shakoor, the Malé City mayoral candidate on the ruling PNC ticket, has appealed to the High Court against a Civil Court order to pay MVR 4,156,355 to the Maldives Islamic Bank (MIB) over a musharakah loan for an apartment. The court ruled she must pay in monthly installments over six months, with properties in Hulhumalé as collateral. Shakoor claims a criminal case by the previous administration hindered her legal practice, preventing loan repayment, and that she made regular payments when able. She described the ruling as personal and had sought loan restructuring.

Former Attorney General Aishath Azima Shakoor, the Malé City mayoral candidate on the ruling PNC ticket, has appealed to the High Court against a Civil Court order to pay MVR 4,156,355 to the Maldives Islamic Bank (MIB) over a musharakah loan for an apartment. The court ruled she must pay in monthly installments over six months, with properties in Hulhumalé as collateral. Shakoor claims a criminal case by the previous administration hindered her legal practice, preventing loan repayment, and that she made regular payments when able. She described the ruling as personal and had sought loan restructuring.

This story involves 1 source and may affect public understanding of loan dispute / politics.