Emboodhoo lagoon was to be leased for only 3 million dollars, but I increased it to 40 million dollars : President Yameen .

BY: latheef, 7 Aug 2017

President Yameen Abdul Gayyoom have said that Emboodhoo lagoon was to be leased for only 3 million dollars but he has managed to lease it for 40 million dollars.

President Yameen said that, since the investors got a letter from a previous administration saying that the lagoon can be leased for only 3 million dollars, the investors met him at the President’s Office. The president said that he then proposed to lease it for 40 million dollars and refused to accept any price lower than that.

President said that the state has received 30 million dollars from the project and the rest will be received in September. President Yameen said that previous administrations and ministers have given letters saying that many lagoons in the Maldives are available for 2-3 million dollars.

During those days former Tourism Minister Adeeb said that since Maldives has a lot of unused islands, those islands should be leased at whatever price people offer.

People suspect that low prices were offered so that, huge cuts can be obtained bribes. People expect that once the audit reports of MMPRC is published, more will be revealed about such dealings.

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