Many of the banks have stated that granting loans to Maldivians is a big risk.
A top official of one of the leading Banks in Maldives said that he has been monitoring the issue of the government fines on Villa Group.
He said that he has been studying the case very closely and even sent the case to the “headoffice” to be investigated.
“Our legal team has studied the case. We did not find that the Villa Group has breached any of the agreements or has any outstanding payments. We have tried to check the issue with Mira as well. However we got a reply very late from a person who works there. He said that this maybe politics,” he said.
He said that he will not be making any official statements because of how the situation of Maldives is. However there will be financial institutions which will be criticizing this case.
“Maldives is a country. Maldives businesses relies upon banks for loans. Villa is one of the most trusted companies. What will happen to us if Villa is bankrupted in this ‘maybe politics’? Tomorrow which company will be facing the same fate? This is not something that the world will accept. No financial institutions will accept this,” he said.
Granting loans to Maldivians is a big risk- Banks
