New Delhi, Dec. 14 -- : Speaker of Maldivian Parliament and former president Mohamed Nasheed said that a "large amount" of Chinese funds have gone into Maldives as projects, most of which have inflated prices and have led to the debt.
He added that it's a "serious" case and China authorities should address the issue appropriately.
"During the last six-seven years, a large amount of Chinese funds have gone into Maldives as projects, most of which have inflated prices. Assets created by debt is not equal to it, so we can't pay the debt," Nasheed told ANI here.
"When you are unable to pay debt, they ask for equity and with equity we very often relinquish land and sovereignty. It is a serious case. There is a pattern for this. We are worried...