Govt owes HDC nearly MVR 10B, report shows

5 days ago

The government owes the Housing Development Corporation (HDC) nearly MVR 10 billion, including unpaid dues for projects, land allocations, and rent reductions, according to a report submitted to the Parliament’s Public Accounts Committee. Deputy Speaker and Dhiggaru MP Ahmed Nazim disclosed the figures during Tuesday’s committee meeting. The report states that HDC is owed MVR 4.3 billion for projects awarded by