MP Falah purchases land from Hulhumale’ for MVR 28 million

Ibrahim Falah, the leader of ruling People’s National Congress (PNC)’s parliamentary group, has purchased land from Hulhumale’ for MVR 28 million.

Falah, the parliamentary representative for Inguraidhoo constituency, purchased the 3,250 square feet plot located in Hulhumale’ Phase II for MVR 28,782,000.

The Civil Court finalized the transfer of ownership for the land on Wednesday.

In a post on X earlier in September, Falah announced that he had purchased three more plots of land from his home island of R. Innamaadhoo, in addition to three properties he already owned in the island. He also said he had purchased a plot of land from Hulhumale’.

According to his latest financial declaration publicized by the Parliament on September 2, the influential government lawmaker earns MVR 990,000 in salaries, another MVR 900,000 in business profit, and MVR 3.2 million from renting out his properties each year.

He also took out a MVR 15.7 million loan from the Bank of Maldives (BML) in February, for which he has made MVR 496,000 in repayments, leaving a balance of MVR 15.2 million.

According to the 2024 parliamentary election campaign financial declaration he submitted to the Elections Commission, he did not take out a loan or receive donations, but funded his 2024 re-election campaign with the MVR 508,489 in his own money.