Civil Court on Thursday ordered former MP Alhan Fahmy to pay back his loan of MVR 6,396,099.46 taken from Bank of Maldives (BML) within three months.
The court order was issued to Alhan and his family members including Ahzan Fahmy, Hamid Fahmy, and Mohamed Fahmy. BML took the family to the Civil Court over delayed repayment of the loan. BML is seeking the loan amount inclusive of the interest and the late fines.
Civil Court issued the order in the absence of the Fahmy family as no one showed to court for the hearing. The court order stated that Alhan and family had failed to make loan payments. As such, the order included that M. Finivaage 2 would remain under BML as mortgage until the loan has been paid in full.
Maldives Police Services had launched a serious crime investigation into Alhan and his brother Shahuban over accusations of running a Ponzi scheme.
