K-Park Mamdooh's passport released
PG office said it will appeal the decision and that it is looking into other ways to impound Mamdooh's passport.
By
Mariyam Umna Ismail
Criminal Court on Tuesday ordered the release of the passport of minority shareholder Hassan Mamdooh who allegedly sold flats to customers of Hanbo Maldives company at low prices and extorted large sums of money from the company.
A case where he allegedly used Hanbo Maldives to sell flats in the K-Park residences to fraudulently sell the flats at a cheap price emerged in May. The company filed a criminal complaint with the police.
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Hanbo alleged that Mamdooh and another person had extorted money from many people
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Hanbo said the signature of its Managing Director Jin Shi Hu, who owns 95% of the company, was forged
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Mamdooh's passport was impounded for the investigation
The Prosecutor General's Office (PG) has expressed concern over the order to release Mamdooh's passport, saying Criminal Court Judge Ibrahim Ihusan's decision to release his passport was illegal.
The office said it will appeal the decision and that it is looking into other ways to impound Mamdooh's passport.
The reason for the court's decision to release Mamdooh's passport is unclear.
Besides Mamdooh, the passports of two others were seized in the case. Atoll Times has learned that the two are Jaishan Saeed, a business partner of Mamdooh's who is allegedly involved in selling the flats dishonestly, and a South Korean national who is said to be a broker for a South Korean company called Hanbo Tech.
Related
Related
Over 200 charges against 2 in K-Park fraud; 104 on Mamdooh alone
High Court accepts appeal for recovery of Mamdooh's property
Mamdooh agreed to hand over passport as condition for release
