FTP - Funaddoo Tuna Products ++Assets liquidated by Bank of Maldives 2013++

G. Aris, Koimala Higun Male' , Maldives
Tel: +960 7772370
Fax: +960 +960470528

Email: info@ftproducts.com

Website: http://www.ftproducts.com

April2013 - Civil Court's order to liquidate all assets mortgaged on the loans taken by Funaddoo Tuna Products from Bank of Maldives (BML) has been appealed at the High Court on Monday. Following the failure of Funaddoo Tuna Products to repay loans worth MVR117 million to BML as per a Civil Court ruling in 2012 which had also been upheld by the High Court, Civil Court last November had ordered to liquidate all assets as mortgage on the loans to pay off the debt.

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