Audit report demanded by Male’ High released upon court order

A report compiled by the Auditor General’s Office (AGO) has been publicized after the Civil Court ordered its release following a petition filed by Male’ High Pvt Ltd – the company that runs Mandhu College.

The report in question is an assessment report compiled by the AGO after Male’ High sued for compensation over the government’s decision to form an agreement to run an international school in the building that previously housed Mandhu College.

Male’ High, owned by Ibrahim Ismail (Ibra) filed a petition with the Civil Court seeking access to the report.

Judge Farhad Rasheed ordered the AGO to publicize the report.

The report shows Male’ High asked for over MVR 500 million in compensation, including MVR 50 million for damage to the reputation of Mandhu College after the government terminated the original lease agreement for the building it had with Male’ High, and compensation for what the company could have earner by running night classes in the building.

Male’ High also asked for MVR 498 million in compensation for estimated revenue from running an international school, and estimated revenue from running Mandhu College for the remaining eight years of the original lease, as well as indirect damages.

According to the assessment report, the AGO ruled that that the estimated future revenue calculation by Male’ High was not in line with the guidelines set by the Supreme Court, and that providing compensation based on those calculations could result in an inappropriately valued financial compensation.