Mamdhooh, Jaishan Sentenced to Record Prison Terms Over K-Park Fraud

The Criminal Court sentenced Hassan Mamdhooh to 397 years and Jaishan Saeed to 159 years for defrauding buyers in the K-Park apartment project in Hulhumalé. Judge Ali Nadheem delivered the verdict, citing the scale of crimes and impact on victims. Mamdhooh was convicted on 46 counts of fraud, 44 counts of deceptive practices, three counts of issuing invalid documents, and money laundering. Jaishan was convicted on similar charges. The court ordered confiscation of a penthouse and items worth MVR 14.8 million and required the return of money to victims within six months. The case began three years ago when buyers reported multiple sales of the same apartments. Mamdhooh, a minority shareholder of Hanbo Company, was accused of forgery. HDC filed a complaint, and Hanbo Tech Korea terminated its agreement. The building remains unfinished.

The Criminal Court sentenced Hassan Mamdhooh to 397 years and Jaishan Saeed to 159 years for defrauding buyers in the K-Park apartment project in Hulhumalé. Judge Ali Nadheem delivered the verdict, citing the scale of crimes and impact on victims. Mamdhooh was convicted on 46 counts of fraud, 44 counts of deceptive practices, three counts of issuing invalid documents, and money laundering. Jaishan was convicted on similar charges. The court ordered confiscation of a penthouse and items worth MVR 14.8 million and required the return of money to victims within six months. The case began three years ago when buyers reported multiple sales of the same apartments. Mamdhooh, a minority shareholder of Hanbo Company, was accused of forgery. HDC filed a complaint, and Hanbo Tech Korea terminated its agreement. The building remains unfinished.

The Criminal Court sentenced Hassan Mamdhooh to 397 years and Jaishan Saeed to 159 years for defrauding buyers in the K-Park apartment project in Hulhumalé. Judge Ali Nadheem delivered the verdict, citing the scale of crimes and impact on victims. Mamdhooh was convicted on 46 counts of fraud, 44 counts of deceptive practices, three counts of issuing invalid documents, and money laundering. Jaishan was convicted on similar charges. The court ordered confiscation of a penthouse and items worth MVR 14.8 million and required the return of money to victims within six months. The case began three years ago when buyers reported multiple sales of the same apartments. Mamdhooh, a minority shareholder of Hanbo Company, was accused of forgery. HDC filed a complaint, and Hanbo Tech Korea terminated its agreement. The building remains unfinished.

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