MALDIVES’ ISLAND PARADISE RIVEN WITH CLAIMS OF CORRUPTION AND FRAUD
July 1st, 2012
BY POORNA RODRIGO
A WAVE of high profile corruption cases and a growing range of commercial crimes have swept the South Asian archipelago of Maldives. Some cases have prompted Interpol red notices while others have run into long-drawn court battles, hurting investor confidence. Poorna Rodrigo reports.
THE MALDIVES is home to 325,000 people living in nearly 200 low-lying islands. Its undiversified economy - based mainly - on tourism and fishing - coupled with a severe shortage of commercial, legal and financial expertise has encouraged foreign investment and ...
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