Criminal Court, on Wednesday, has sentenced Jaishan Saeed, Kinaaraage, R. Alifushi, the accomplice of Hassan Mamdhooh (Manday) in the fraudulent sale of apartments from K-Park Residences - a condominium under development in Hulhumale’ – to 159 years in prison.
Jaishan was found guilty of 89 charges:
44 counts of participating in misappropriation
41 counts of fraud
Three counts of knowingly providing a counterfeit document to a person to defraud them
One count of aiding and abetting in money laundering
According to the Criminal Court ruling, Jaishan would have to serve 159 years and 14 days in prison after omitting the days he has already spent in custody over these charges.
Meanwhile, Manday, who is the mastermind behind the fraud case that sent shockwaves across the country, was sentenced to 397 years in prison on Wednesday in the longest ever prison term to date.
Manday had been found guilty of 94 charges:
46 counts of misappropriation
44 counts of fraud
3 counts of knowingly providing a counterfeit document to a person to defraud them
1 count of money laundering
Apart from the prison sentence, Manday was also fined by MVR 30 million as part of his money laundering conviction. The Court ordered that the state take possession of the penthouse Manday bought in Hulhumale’.
The fraudulent sale of the K-Park apartments was submitted for police investigation by both Hanbo – the project’s developer - and HDC. 
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.