Former President Abdullah Yameen Abdul Gayyoom has been charged with money laundering.
The Prosecutor General’s Office announced via its official Twitter handle that former President Yameen has been charged with money laundering and that the case has been submitted to the Criminal Court.
The case was sent to the PG by Maldives Police Service on 6th January.
The former President was charged with money laundering for allegedly refusing to return 1 million dollars deposited to his personal bank account by SOF Private Limited. According to Maldives Police Service money deposited to President Yameen’s bank account by SOF Private Limited was money embezzled from Maldives Marketing and Public Relations Company (MMPRC).
However, President Yameen stated that no investigative authority has declared that the money deposited to his account by SOF is money embezzled by MMPRC. After the Anti-Corruption Commission of the Maldives failed to trace the origin of the money, President Yameen created an escrow account with ACC at BML and deposited 1 million dollars. The ACC was tasked with finding the origin of the money.
It is widely believed that the charges against the former President Yameen are politically motivated and with the aims to manipulate the outcome of the upcoming parliamentary elections.