President’s Office publicizes asset declarations of cabinet

The President’s Office has on Thursday publicized the financial statements of cabinet ministers and senior office staff.

The office publicized the asset declarations of President Ibrahim Mohamed Solih, Vice President Faisal Naseem, 20 cabinet ministers, and 26 senior staff.

President Ibrahim Mohamed Solih

Income over the past six months:

• MVR 1,532,690 in salaries and allowances

Assets:

• One property in Hinnavaru island of Lhaviyani atoll

Debt:

• None Declared

Vice President Faisal Naseem

Income over the past six months:

• MVR 1,710,000 through various sources

Assets:

• Millennium, a property and building in Fuvahmulah island worth MVR 10,500,000
• Two flats in One Avenue, Hulhumalé, worth 6,200,000
• Two cars worth MVR 500,000 in total
• Six motorcycles worth MVR 270,000 in total

Debt:

• None Declared

Ibrahim Riffath, Attorney General

Income over the past six months:

• MVR 339,787 in salary and attorney fees
• MVR 2,952 from shares at Dhiraagu
• MVR 5,500 from shares at the State Trading Organization

Assets:

• Two motorcycles worth MVR 86,650 in total
• 11,000 shares at the MTDC
• 100 Shares at the State Trading Organization
• 250 shares at Dhiraagu
• 70 shares at the Bank of Maldives

Debt:

• None Declared

Abdulla Shahid, Minister of Foreign Affairs

Income over the past six months:

• MVR 354,000 in salaries
• MVR 120,000 in allowances
• MVR 2,251,000 in business profits

Assets:

• One property in capital city Malé
• One property in the United Kingdom
• One four-wheeled vehicle

Debt:

• None Declared

Mariya Ahmed Didi, Ministry of Defence

Income over the past six months:

• MVR 844,710 in allowances and property rent fees

Assets:

• A building at a property in capital city Malé (3 apartments for rent/one shop)
• A building at a property in Gan island of Laamu atoll
• 57 percent stake at Dhon Hiyala Pvt Ltd

* Worth of properties were not declared

Debt:

• None Declared

Ibrahim Ameer, Minister of Finance

Income over the past six months:

• MVR 188,892 in salaries

Assets:

• One motorcycle worth MVR 51,650

Debt:

• MVR 84,062 in loans from the Bank of Maldives

Mohamed Aslam, Minister of National Planning and Infrastructure

Income over the past six months:

• MVR 3,115,958 from a business partnership

Assets:

• None Declared

Debt:

• MVR 2,400,000 for a two-party loan from the Housing Development Finance Corporation
• MVR 1,200,000 for a two-party loan from the Housing Development Finance Corporation
• MVR 104,340 for a two-party loan from the Housing Development Finance Corporation

Ibrahim Hassan, Minister of Higher Education

Income over the past six months:

• MVR 390,000 from rent fees
• MVR 2,331 from ‘consultancy’ fees
• MVR 298 from shares at Dhiraagu
• MVR 550 from the Bank of Maldives
• MVR 550 from the State Trading Organization

Assets:

• A property in capital city Malé
• A motorcycle worth MVR 56,000

* Total worth of property was not declared

Debt:

• None Declared

Mohamed Maleeh Jamal, Minister of Communication, Science and Technology

Income over the past six months:

• MVR 720,000 in salaries and allowances

Assets:

• Ownership of a business worth 3,000,000
• Ownership of a business worth MVR 800,000
• Shares from the MTDC worth MVR 16,500

Debt:

• MVR 5,662,714 in loans from the Maldives Islamic Bank

Abdulla Ameen, Minister of Health

Income over the past six months:

• MVR 390,000 in salaries

Assets:

• None Declared

Debt:

• MVR 5,586,883 as a credit facility for housing, from the Maldives Islamic Bank

Aishath Ali, Minister of Education

Income over the past six months:

• MVR 126,000 in salaries

Assets:

• None Declared

Debt:

• None Declared

Aishath Nahula, Minister of Transport and Civil Aviation

Income over the past six months:

• MVR 2,443 from shares at the State Trading Organization

Assets:

• None Declared

Debt:

• None Declared

Yumna Maumoon, Minister of Arts, Culture, and Heritage

Income over the past six months:

• MVR 210,000 as rent fees

Assets:

• A shop in capital city Malé
• Ownership of Libaas Pvt Ltd
• Ownership of Double Space Pvt Ltd

* Total worth of assets was not declared

Debt:

• MVR 533,544 to be paid as per a Civil Court ruling

Ali Waheed, Minister of Tourism

Income over the past six months:

• MVR 150,000 as rent fees

Assets:

• A property in Hulhumalé worth MVR 5,400,000

Debt:

• None Declared

Fayyaz Ismail, Minister of Economic Development

Income over the past six months:

• MVR 457,150 in salaries
• MVR 396,508 in consultancy fees

Assets:

• 25 percent of shares at Southern Seas Pvt Ltd
• Ownership of Habeys Pvt Ltd
• Ownership Luxury Properties Pvt Ltd
• Ownership of Maldives Yellow Pages Pvt Ltd
• Ownership of Prestige International Pvt Ltd

* Worth of assets was not declared

Debt:

• MVR 55,655 in loans from the Maldives Islamic Bank

Zaha Waheed, Minister of Fisheries, Marine Resources, and Agriculture

Income over the past six months:

• MVR 240,00 in salaries

Assets:

• None Declared

Debt:

• None Declared

Ahmed Zahir, Minister of Islamic Affairs

Income over the past six months:

• MVR 190,080 in salaries

Assets:

• A property in Hulhumalé worth MVR 431,077

Debt:

• MVR 356,565 in loans from the Maldives Islamic Bank

Aminath Athifa, Minister of Housing and Urban Development

Income over the past six months:

• MVR 90,000 in living allowances

Assets:

• None Declared

Debt:

• None Declared

Ahmed Mahloof, Minister of Youth, Sports, and Community Empowerment

Income over the past six months:

• MVR 422,923 in salaries
• MVR 75,000 declared to be from ‘various sources’

Assets:

• A motorcycle worth MVR 85,000

Debt:

• None Declared

Shidhatha Shareef, Minister of Gender, Family, and Social Services

Income over the past six months:

• MVR 114,000 from salaries

Assets:

• None Declared

Debt:

• None Declared

Hussain Rasheed Hassan, Minister of Environment

Income over the past six months:

• MVR 60,000 in salaries

Assets:

• Two motorcycles worth MVR 35,000 in total

Debt:

• USD 2,664 in outstanding credit card fees to the Bank of Maldives

Imran Abdulla, Minister of Home Affairs

Income over the past six months:

• None Declared

Assets:

• A property in Kaafu atoll worth MVR 2,500,000
• A motorcycle worth MVR 50,000

Debt:

• None Declared

According to the new government's first 100-day agenda, all appointees of the government, state companies, and independent institutions had to declare the assets and financial statements of their's and their spouse's. This was to be done in the first week.