Money laundering allegations against Maldive’s president

Money laundering allegations against Maldive’s president

Money laundering allegations against Maldive’s president

Written by Staff Writer

28 Sep, 2018 | 1:33 am

Colombo (News1st): The Maldives Monetary Authority (MMA) has filed a money laundering case against outgoing president Abdulla Yameen at the Maldives Police Service.

Foreign media confirms that a case has been filed by the central bank’s Financial Intelligence Unit (FIU) in mid-September against the outgoing president and regardless he was allowed to contest the presidential election held on September 23.

He has been experiencing many corruption allegations throughout the past five years, including receiving millions of dollars through Maldives Marketing and Public Relations Corporation (MMPRC), the company implicated in the biggest embezzlement case in the Maldives’ history.

While he had previously admitted to receiving USD one million from the company, he has since stated that the central bank had been ‘negligent’ in the case. In 2016, Al Jazeera introducing an award-winning documentary named “Stealing Paradise” exposed the massive corruption in the country.

Latest News

Are you interested in advertising on our website or video channel
Please contact us at [email protected]