Case of Heavy Load

The case of the bounced cheque of MVR16.1 million issued by Heavy Load as guarantee to Thilafushi Corporation Limited (TCL) has been submitted to Police.

A Police Media Official said that this case is currently under investigation.

An official of TCL told Sun Online that MD of TCL, Mohamed Latheef had told its Board of directors that this case had been submitted to Police.

TCL has informed that Heavy Load had not tried to pay this money, despite the cheque having bounced over a month ago.

Then Head of Corporate Affairs of TCL, Mohamed Latheef said that Heavy Load is required to provide a guarantee of MVR16.1 million for the reclamation project, and that they have been requested to do so.