Prosecutor General (PG) Hussain Shameem has confirmed that 225 charges will be filed against Hassan Mamdhooh next week for allegedly extorting money from several people in the guise of selling apartments at K-Park Residence.
Mamdooh is a minority shareholder at Hanbo Company (Maldives), the Maldives registered company which had been collaborating with South Korea’s Hanbo Tech on the K-Park project. Hanbo Tech (Korea) had, in May this year, announced that it had been left with no option but to terminate and revoke the powers and authorisation delegated to Hanbo (Maldives), citing various unavoidable difficulties in continuing the implementation and completion of the project with Hanbo (Maldives).
The charges against Mamdhooh have been filed as numerous buyers expressed concern over the delay in the completion of the project.
Mamdhooh will be charged next week, the Prosecutor General said, on several counts of; forgery, fraud, money laundering and other charges.
The prosecutor general said the number of charges were so high because of the decision to file separate charges for each victim Mamdhooh had defrauded when he ‘sold’ 41 apartments to 107 people. Mamdhooh is facing money laundering charges in connection with a penthouse valued at MVR 7.8 million, which he bought at FW Residences in Hulhumalé, Shameem explained, citing the findings of the investigation. Mamdhooh purchased the penthouse with the proceeds from selling two apartments at K-Park to four individuals, the PG said
Shameem said items worth MVR 7 million were seized from the penthouse. Among the seized items were 200 sealed and unused perfume bottles worth MVR 90,000; expensive handbags worth US$10,000; and jewellery worth US$25,000.
The total value of the penthouse and the items seized is estimated at MVR 14.8 million.
