All Housing Development Corporation board members except Chairman Ahmed Nasif have been suspended and Managing Director Ibrahim Fazul Rasheed barred from office as police investigate alleged illegal and forged plot allocations in Hulhumalé under the Binveriya scheme. The Privatization and Corporatization Board announced the suspension, and the original scheme aimed to distribute 9,001 plots in its initial phase.
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The Privatization and Corporatization Board (PCB) announced today that this suspension aims to facilitate full cooperation with the authorities.
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The original "Binveriya" scheme aimed to distribute 9,001 plots across Hulhumalé Phase 2 and 3, Gulhifalhu, and Giraavaru Falhu in its initial phase and has already issued registration to rightful recipients.
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all members of the Housing Development Corporation’s (HDC) Board of Directors, excluding Chairman Ahmed Nasif, have been suspended as part of an ongoing police investigation.
Word for word from the report in The Standard. Open the report
HDC’s Managing Director, Ibrahim Fazul Rasheed, has been barred from office pending further board decisions.
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The controversy erupted after Hassan Kurusee shared documents on social media, revealing that these individuals had applied for boundary wall construction permits through HDC’s portal.
Word for word from the report in The Standard. Open the report