A resolution has been submitted to the Parliament seeking the opinion of lawmakers regarding the delays in justice for dozens of people who were defrauded in the sale of apartments from K-Park Residences – a condominium under development in Hulhumale’.
In the resolution submitted by opposition MDP’s North Galolhu MP Mohamed Ibrahim (Kudoo), he emphasized that several years have passed without the completion of the K-Park Residences project, despite many individuals signing the agreements to purchase the apartments and making down payments, with some even paying the full amount for their apartments.
Kudoo underscored that a single apartment under the K-Park Residence project had been sold to multiple people.
He emphasized that prolonged delays in determining who will receive the apartments have undermined the ability to protect the rights of those who have made payments, placed the buyers under financial strain, as their funds remain tied up in the project, leaving them unable to pursue housing opportunities elsewhere.
He further noted that individuals who have signed an agreement to purchase apartments from K-Park Residences are unable to apply for government social housing projects, as the eligibility criteria for these projects disqualify anyone who has already entered into a purchase agreement for another flat.
Kudoo said none of the government authorities have provided an adequate response despite K-Park victims repeatedly sending letters seeking a solution.
Kudoo stated that, despite repeated letters and appeals from those affected by the K-Park project, none of the relevant government authorities have provided a satisfactory response or taken meaningful steps toward resolving the issue.
He added that given the issue directly impacts the lives of many individuals, the continued delays in handing over the K-Park apartments could lead to a deterioration in the living conditions of affected families.
Notably, a petition was recently submitted to Parliament regarding delays in justice for individuals who were defrauded in the sale of apartments from K-Park Residences.
The petition submitted under Ibrahim Naseem Riza’s name, with the signatures of 50 individuals, accuses Housing Development Corporation (HDC) of refusing to take responsibility in the case and failing to take adequate action to resolve the issue.
According to the petition, there have been no developments in the case two years into HDC pledging to conduct internal reviews to resolve issues related to K-Park Residences.
The petition underscored that thousands of families have been directly and indirectly impacted by the case, facing financial, legal and mental difficulties.
The fraudulent sale of the K-Park apartments was submitted for police investigation by both Hanbo – the project’s developer – and HDC.
The Prosecutor General’s Office (PGO) filed criminal charges against Hassan Mamdhooh (Manday) nd his acquaintance Jaishan Saeed in December last year, with Manday pressed with 104 charges and Jaishan pressed with 98 charges. The charges against them include money laundering, fraud, misappropriation, and providing counterfeit documents to individuals to defraud them.
Manday and Jaishan are accused of doctoring documents by forging the signature of Hanbo’s majority shareholders, and opening an account in the company’s name with the Bank of Maldives (BML) despite the company already having opened its banking account with State Bank of India in order to defraud multiple clients.
The police found that 23 K-Park apartments were sold to over 50 people, with some of the apartments sold to as many as six people.
During the investigation into the case, the police raided an MVR 7.8 million penthouse apartment, which investigators believe was purchased by Manday by selling two apartments from K-Park Residences to four different buyers.
From the penthouse, the police found items worth around MVR 7 million, including 200 unopened perfume bottles, luxury bags, and jewelry.
Manday has categorically denied the allegations against him. He faces 40 years in prison if convicted of the charges.
 
Although Manday was briefly jailed pending the trial’s end over failure to attend hearings, he has been granted conditional release as of present.