Person
Mohamed Shafeeq
In the news, last 90 days
Economy
Fayyaz responds to allegations regarding a loan taken for resort development!
Former Economic Minister Fayyaz Ismail said in an interview with "Adhadhu" that some of businessman Mohamed Shafeeq's social media remarks about a resort development loan were accurate while others may reflect memory lapses or misunderstanding. Fayyaz said he never held shares in the project but had an interest in it, that Shafeeq's guarantee was given to a close associate rather than at his request, and that the project ultimately failed after much of the work was completed.
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