The government’s MVR 15 million settlement with Mandhu College exceeded the Auditor General’s recommendation, according to the Sun, which cites a copy of the assessment report from the Auditor General’s Office.
Last August, the Education Ministry had asked the Auditor General’s Office to complete an assessment and determine the amount of reimbursement Male’ High is entitled to as a result of the agreement’s termination under the previous administration.
In the report, the AG suggested two compensation options. The first option was determined by valuing Mandhu College’s assets and inventory in the building at MVR 100,580 and the building investment at MVR 1.18 million, yielding a combined compensation of MVR 1.27 million.
In the second option, AG suggested compensation of MVR 1.58 million, with assets and inventory valued at MVR 166,599 and the investment in the building valued at MVR 1.41 million.
The report estimated the maximum financial compensation the company is entitled to be between MVR 1.27 million and MVR 1.58 million if the termination of the agreement was declared to violate the agreement.
Following the Supreme Court decision in favor of Male’ High. The company then filed a case with the Civil Court, suing the State for MVR 18 million in compensation, which was later decreased to MVR 15 million during dispute settlement, and the Civil Court ordered the State to pay Male’ High MVR 15 million within one month.